The California Form Reg 262 is a critical document used for the transfer and reassignment of vehicle or vessel ownership. This form is not a certificate of ownership; rather, it must accompany the title or an application for a duplicate title. Understanding how to correctly fill out this form is essential for both buyers and sellers to ensure a smooth transaction.
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The California Form REG 262, known as the Vehicle/Vessel Transfer and Reassignment Form, plays a crucial role in the process of transferring ownership of vehicles and vessels within the state. This form is essential for both buyers and sellers, as it must accompany the title or an application for a duplicate title. It is important to note that this form is not the ownership certificate itself. The first section of the form requires detailed identification of the vehicle or vessel, including its make, model, year, and identification number. The second section serves as a bill of sale, where the seller identifies the buyer, states the selling price or gift value, and includes the date of the transaction. In the third section, sellers must provide an odometer disclosure statement, which is legally required to ensure that the mileage at the time of transfer is accurately reported. Any alterations to this section may invalidate the disclosure, necessitating a new statement. The fourth section captures the essential information of both the buyer and seller, including their signatures and contact details, affirming their acknowledgment of the transaction. Lastly, the fifth section allows for the appointment of a power of attorney, enabling another individual to act on behalf of the seller or buyer in completing necessary paperwork. Understanding the various sections and requirements of Form REG 262 is vital for a smooth transfer of ownership and compliance with California law.
When filling out and using the California Form REG 262, there are several important points to keep in mind. Understanding these key takeaways can help ensure a smooth transfer of ownership.
By adhering to these guidelines, you can facilitate a successful transfer of ownership while ensuring compliance with California regulations. Always keep copies of completed forms for your records, as they may be needed in the future.
VEHICLE/VESSEL TRANSFER AND REASSIGNMENT FORM
A Public Service Agency
INSTRUCTIONS ON REVERSE SIDE - ALL SIGNATURES MUST BE IN INK - PHOTOCOPIES NOT ACCEPTED
This form is not the ownership certificate. It must accompany the titling document or Application for Duplicate Title. For Car Buyer's Bill of Rights, visit www.dmv.ca.gov.
ACQUISITION NUMBER (DISMANTLER ONLY)
BILL OF SALE VEHICLE/VESSEL ID
ODOMETER
BUYER
SELLER
POWER OF ATTORNEY
SECTION 1 - VEHICLE/VESSEL DESCRIPTION
IDENTIFICATION NUMBER
YEAR MODEL
MAKE
LICENSE PLATE/CF NO.
MOTORCYCLE ENGINE NUMBER
SECTION 2 - BILL OF SALE
I/We
sell,
transfer, and
deliver the above
vehicle/vessel
PRINT SELLER'S NAME(S)
to
GEICO
on
for the amount of
$
N/A
PRINT BUYER'S NAME(S)
MO
DAY
YEAR
(SELLING PRICE)
If this was a gift, indicate relationship:
(e.g., parents, spouse, friend, etc.)
(GIFT VALUE)
SECTION 3 - ODOMETER DISCLOSURE STATEMENT (Void if Mileage is Altered or Erased)
Federal and State Law requires that you state the mileage upon transfer of ownership. Failure to complete or providing a false statement may result in fines and/or imprisonment.
The odometer now reads
,
ths (no tenths) miles, and to the best of my knowledge
10
reflects the ACTUAL mileage unless one of the following statements is checked.
WARNING - ODOMETER DISCREPANCY
Odometer reading is NOT the actual mileage
Mileage EXCEEDS the odometer mechanical limits
Explain odometer discrepancy:
SECTION 4 - BUYER AND SELLER (MUST hand print his or her name, date and sign this section.)
BUYER'S SECTION
I acknowledge the odometer reading and the facts of the transfer. I certify (or declare) under penalty of perjury under the laws of the State of California that the foregoing is true and correct.
PRINT BUYER'S NAME
SIGNATURE
DATE
DL/ID OR DEALER/DISM #
x
BUYER'S MAILING ADDRESS
CITY
STATE
ZIP CODE
DAYTIME TELEPHONE NO
SELLER'S SECTION
I certify (or declare) under penalty of perjury under the laws of the State of California that the foregoing is true and correct.
PRINT SELLER'S NAME
SELLER'S MAILING ADDRESS
SECTION 5 - POWER OF ATTORNEY
appoint
PRINT NAME(S)
as my attorney in fact, to complete all necessary documents, as needed, to transfer ownership as required by law.
SIGNATURE REQUIRED BY PERSON APPOINTING POWER OF ATIORNEY
REG 262 (REV. 10/2011)
What is the California Form REG 262?
The California Form REG 262, also known as the Vehicle/Vessel Transfer and Reassignment Form, is a document used during the transfer of ownership of a vehicle or vessel in California. It is essential to note that this form does not serve as the ownership certificate. Instead, it must accompany the title or an application for a duplicate title.
Who needs to fill out the REG 262 form?
Both the seller and the buyer of the vehicle or vessel must fill out the REG 262 form. The seller provides details about the transaction, including the sale price or gift value, while the buyer acknowledges the terms of the transfer. If the vehicle is a gift, the relationship between the seller and the buyer should also be indicated on the form.
What information is required on the REG 262 form?
The form requires several key pieces of information. This includes the vehicle or vessel identification number, year, model, make, and license plate number. Additionally, the seller must provide the sale price or gift value and the odometer reading at the time of the transfer. Both parties must also include their names, signatures, and contact information.
What is the purpose of the odometer disclosure section?
The odometer disclosure section is crucial as it ensures that the mileage of the vehicle or vessel is accurately reported at the time of sale. Federal and state laws require this disclosure. If there are any discrepancies in the odometer reading, such as alterations or erasures, the disclosure will be void, and a new statement must be completed.
Can I use a photocopy of the REG 262 form?
What happens if the form is not filled out correctly?
If the REG 262 form is not filled out correctly, it may delay the transfer process. Incomplete or incorrect information can lead to issues with registration or ownership claims. It is crucial to double-check all details before submitting the form to ensure a smooth transaction.
Is there a deadline for submitting the REG 262 form?
While there is no specific deadline mentioned for submitting the REG 262 form, it is advisable to complete the transfer as soon as possible after the sale. Delays in submitting the form can lead to complications with vehicle registration and potential fines. Prompt action helps ensure that both parties are protected under California law.
When transferring ownership of a vehicle or vessel in California, several forms and documents may accompany the California Form REG 262. Each document plays a crucial role in ensuring a smooth and legally compliant transaction. Below is a list of commonly used documents that you may encounter in this process.
Understanding the importance of each document can help facilitate a successful transfer of ownership. It is essential to ensure that all forms are completed accurately and submitted as required to avoid any legal complications in the future.
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When filling out the California Form REG 262, there are important dos and don'ts to keep in mind to ensure accuracy and compliance. Here’s a helpful list: