The California Form REG 262 is a crucial document used for the transfer and reassignment of vehicle and vessel ownership in the state. This form must accompany the title or an application for a duplicate title, as it does not serve as the ownership certificate. Understanding how to properly fill out this form is essential for a smooth transaction.
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The California Form REG 262, also known as the Vehicle/Vessel Transfer and Reassignment Form, plays a crucial role in the process of transferring ownership of a vehicle or vessel. This form is essential for both buyers and sellers, as it ensures that all necessary information is documented correctly. It includes sections for vehicle identification, the bill of sale, odometer disclosure, and the details of both the buyer and seller. The form must accompany the title or an application for a duplicate title and cannot be submitted as a photocopy. Each party involved must provide their signatures in ink, affirming the accuracy of the information presented. Additionally, it outlines the responsibilities of both parties regarding the odometer reading, which is a legal requirement to prevent fraud. The form also allows for the appointment of a power of attorney, enabling someone to act on behalf of the owner in completing the necessary paperwork. Understanding how to fill out this form properly can streamline the transfer process and protect the interests of everyone involved.
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When dealing with the California Form REG 262, understanding its components is crucial for a smooth vehicle or vessel transfer. Here are nine key takeaways to keep in mind:
By following these key points, individuals can navigate the process of transferring vehicle or vessel ownership in California with greater ease and confidence.
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)