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Fill a Valid California Fotm Reg 262 Form

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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 in the state. This form is not a title but serves as a necessary document that must accompany the official title or an application for a duplicate title. It is essential for both buyers and sellers to understand its components to ensure a smooth transaction. The form includes several sections that capture vital information, such as vehicle or vessel identification, a bill of sale, and an odometer disclosure statement. In the bill of sale section, the seller details the transaction, including the buyer's name and the sale price or gift value. The odometer disclosure is a critical component, requiring the seller to report the vehicle's mileage accurately at the time of transfer. This section is particularly important, as any alterations can void the disclosure, leading to potential legal ramifications. Additionally, the form allows for the appointment of a power of attorney, enabling another individual to handle the necessary paperwork for the ownership transfer. Each part of the REG 262 is designed to protect both parties involved in the transaction, ensuring that all legal requirements are met while providing transparency throughout the process.

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Similar forms

  • California Form REG 343 - This form is used for the application for a duplicate title. Similar to the REG 262, it requires information about the vehicle and the parties involved in the transaction. Both forms ensure that the transfer of ownership is documented properly.

  • California Bill of Sale (REG 135) - This document serves as proof of sale and includes details about the buyer and seller, similar to the Bill of Sale section in the REG 262. It is essential for establishing the terms of the sale and confirming the transfer of ownership.

  • Odometer Disclosure Statement - This statement is often a part of vehicle sale documents, including the REG 262. It requires the seller to disclose the vehicle's mileage at the time of sale, ensuring transparency and compliance with federal and state laws.

  • Power of Attorney (POA) for Vehicle Transactions - A POA form allows one person to act on behalf of another in vehicle transactions. This is similar to the Power of Attorney section in the REG 262, which grants someone the authority to sign necessary documents for the transfer of ownership.

  • Motor Vehicle Bill of Sale: This document serves as a critical piece of evidence for the transfer of ownership, capturing essential details about the transaction. You can access the Motor Vehicle Bill of Sale form to facilitate this process.

  • California Vehicle/Vessel Title Application (REG 343) - This application is used when registering a vehicle for the first time. Like the REG 262, it requires specific information about the vehicle and the owners, ensuring that all necessary details are captured for legal ownership.

Document Example

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

 

 

 

PRINT BUYER'S NAME

SIGNATURE

 

DATE

DL/ID OR DEALER/DISM #

 

x

 

 

 

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

SIGNATURE

 

 

DATE

 

DL/ID OR DEALER/DISM #

 

 

x

 

 

 

 

 

PRINT SELLER'S NAME

SIGNATURE

 

 

DATE

 

DL/ID OR DEALER/DISM #

 

 

x

 

 

 

 

 

PRINT SELLER'S NAME

SIGNATURE

 

 

DATE

 

DL/ID OR DEALER/DISM #

 

 

x

 

 

 

 

 

SELLER'S MAILING ADDRESS

CITY

STATE

ZIP CODE

 

DAYTIME TELEPHONE NO

 

 

 

 

 

 

 

 

SECTION 5 - POWER OF ATTORNEY

 

 

 

 

 

 

 

 

 

 

 

 

 

I/We

 

 

appoint

 

 

GEICO

 

PRINT NAME(S)

 

 

 

 

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

 

 

 

DATE

 

 

x

 

 

 

 

 

 

SIGNATURE REQUIRED BY PERSON APPOINTING POWER OF ATIORNEY

 

 

 

DATE

 

 

x

 

 

 

 

 

 

 

 

 

 

 

 

 

REG 262 (REV. 10/2011)

 

 

 

 

 

 

Form Specs

Fact Name Details
Purpose The California REG 262 form is used for the transfer and reassignment of vehicle or vessel ownership.
Not Ownership Certificate This form does not serve as an ownership certificate; it must accompany the title or an application for a duplicate title.
Signature Requirement All signatures on the REG 262 form must be in ink; photocopies of signatures are not accepted.
Odometer Disclosure The form includes an odometer disclosure statement, which is required by federal and state law to disclose the vehicle's mileage at the time of sale.
Power of Attorney A section for granting power of attorney is included, allowing a designated individual to complete necessary documents for ownership transfer.
Governing Laws The use of this form is governed by California Vehicle Code Sections 5600-5603 and federal odometer disclosure laws.
Retention of Records Dealers and auto auctions must retain a photocopy of the odometer disclosure for five years.

Crucial Questions on This Form

  1. What is the purpose of the California Form REG 262?

    The California Form REG 262 is used for transferring ownership of a vehicle or vessel. It serves as a formal record of the sale or gift between the seller and buyer. This form must accompany the title or an application for a duplicate title when registering the vehicle with the DMV.

  2. Who needs to sign the REG 262 form?

    Both the seller and the buyer must sign the REG 262 form. Each party needs to print their name, sign, and provide the date. If there are co-owners, signatures from all parties may be required depending on how ownership is recorded. For businesses, an authorized representative must sign on behalf of the company.

  3. What information is required on the form?

    The form requires several key pieces of information:

    • Vehicle or vessel identification number
    • Year, make, and model of the vehicle/vessel
    • Bill of sale details, including the selling price or gift value
    • Odometer reading at the time of transfer
    • Names and addresses of both the buyer and seller

    Completing all sections accurately is essential to avoid delays in the transfer process.

  4. What happens if the odometer reading is incorrect?

    If the odometer reading is not accurate, the seller must check the appropriate box on the form to indicate an odometer discrepancy. Providing false information can lead to serious consequences, including fines or imprisonment. It’s crucial to ensure the mileage is reported correctly to avoid complications.

  5. Can I use a photocopy of the REG 262 form?

Documents used along the form

The California Form REG 262 is essential for transferring ownership of a vehicle or vessel. However, several other documents often accompany it to ensure a smooth transaction. Below is a list of important forms and documents that may be needed.

  • Bill of Sale: This document records the sale of the vehicle or vessel, detailing the buyer, seller, sale price, and date. It serves as proof of the transaction.
  • Application for Title: This form is required to obtain a new title after the transfer of ownership. It includes details about the vehicle and the new owner.
  • Odometer Disclosure Statement: This statement must be completed to disclose the vehicle's mileage at the time of sale. It is crucial for preventing odometer fraud.
  • Power of Attorney: If someone else is handling the transaction on behalf of the buyer or seller, this document grants them the authority to sign necessary paperwork.
  • Vehicle/Vessel Identification Number (VIN) Verification: This form verifies the VIN of the vehicle or vessel being sold, ensuring it matches state records.
  • Smog Certification: In California, certain vehicles require a smog check before they can be sold. This certification proves the vehicle meets emissions standards.
  • Release of Liability: This document protects the seller from future liabilities related to the vehicle after the sale, confirming that they are no longer responsible for it.
  • Transfer Fee Payment Receipt: If there are any fees associated with the transfer, this receipt serves as proof of payment to the DMV.
  • Insurance Verification: Some buyers may need to provide proof of insurance before completing the transfer, ensuring they have coverage for the vehicle.
  • Medical Power of Attorney Form: For those ensuring their healthcare choices are honored, the reliable Medical Power of Attorney guidance is essential for designating a decision-maker in medical matters.
  • California Car Buyer's Bill of Rights: This document informs buyers of their rights when purchasing a vehicle, promoting transparency and fairness in the transaction.

Having these documents ready can help facilitate a successful transfer of ownership in California. Always ensure that all forms are completed accurately and submitted as required to avoid any delays or complications.

Misconceptions

Misconception 1: The REG 262 form is the ownership certificate.

This form is not the ownership certificate. It must accompany the title or application for a duplicate title.

Misconception 2: Photocopies of the REG 262 form are acceptable for submission.

Photocopies are not accepted. Only original forms with signatures in ink are valid.

Misconception 3: The odometer disclosure can be altered after it has been completed.

Any alteration to the odometer disclosure will void that section of the document. A new odometer statement must be completed.

Misconception 4: Only the seller needs to complete the odometer disclosure section.

Both the buyer and seller must hand print their names, date, and sign this section to acknowledge the odometer reading.

Misconception 5: The REG 262 form is only for vehicle transfers.

This form is also applicable for vessel transfers, not just vehicles.

Misconception 6: The buyer does not need to provide their mailing address.

The buyer's mailing address is required to complete the form properly.

Misconception 7: A power of attorney can complete the odometer disclosure.

The odometer disclosure statement cannot be completed by a power of attorney; it must be done by the seller.

Misconception 8: The REG 262 form can be used without completing all sections.

All sections must be completed for the form to be valid and accepted by the DMV.