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The California Form REG 262 is an essential document used during the transfer and reassignment of vehicle and vessel ownership. This form is not a title or ownership certificate but is required to accompany the title or an application for a duplicate title. It serves several critical functions, including documenting the sale, identifying the buyer and seller, and providing an odometer disclosure statement. The first section requires detailed information about the vehicle or vessel, such as its identification number, year, make, and model. Following this, the bill of sale section captures the transaction details, including the selling price or gift value and the relationship between the parties if the transfer is a gift. The odometer disclosure statement is crucial, as it mandates the seller to disclose the mileage at the time of sale, ensuring transparency and compliance with federal and state laws. This section also warns that any alterations to the mileage reported can void the disclosure. Additionally, both the buyer and seller must provide their names, signatures, and contact information, affirming their acknowledgment of the odometer reading and the terms of the transfer. Lastly, the form includes a section for granting power of attorney, allowing an appointed individual to handle necessary documents for the transfer process. Proper completion of the REG 262 is vital for a smooth transition of ownership and to avoid potential legal issues.
Similar forms
- California Form REG 343: This document serves as a Notice of Transfer and Release of Liability. Similar to the REG 262, it facilitates the transfer of vehicle ownership, ensuring that the seller is released from liability for the vehicle after the sale. Both forms require signatures from the seller and buyer, indicating the completion of the transfer process.
- California Form REG 135: The Application for Title or Registration is essential for registering a vehicle in California. Like the REG 262, it requires detailed information about the vehicle and the parties involved in the transfer. Both forms must be completed accurately to avoid complications in the registration process.
- California Form REG 256: This is the Notice of Release of Liability, which is similar in function to the REG 262. It allows sellers to notify the DMV of the transfer of ownership, ensuring that they are not held responsible for any future liabilities associated with the vehicle.
- California Form REG 262A: This form is used for the transfer of ownership of a vehicle that is subject to a lien. It shares similarities with the REG 262 in that both require information about the vehicle, as well as the signatures of both the buyer and seller to validate the transfer.
- California Form REG 227: The Application for Duplicate Title is necessary when a title is lost or stolen. It parallels the REG 262 in that both documents are integral to the ownership transfer process, ensuring that all parties involved have clear documentation of the transaction.
- California Form FFVR 35: The Car Buyer’s Bill of Rights outlines the rights of vehicle buyers in California. While it is not a transfer document like the REG 262, it complements the process by informing buyers of their rights and responsibilities, thereby enhancing the transparency of vehicle transactions.
Form Properties
| Fact Name | Details |
|---|---|
| Purpose | The California REG 262 form is used for transferring ownership of a vehicle or vessel. |
| Not Ownership Certificate | This form does not serve as the ownership certificate; it must accompany the title or application for a duplicate title. |
| Bill of Sale | The form includes a section for a bill of sale, detailing the buyer, seller, and sale price or gift value. |
| Odometer Disclosure | Federal and state laws require the seller to disclose the vehicle's mileage at the time of sale. Alterations to this section void the disclosure. |
| Signatures Required | All signatures on the form must be in ink. Photocopies of the signed form are not accepted. |
| Power of Attorney | A section allows the seller to appoint someone as their attorney-in-fact to handle necessary documents for the transfer. |
| Governing Law | The form is governed by California Vehicle Code Section 5600 and related regulations. |
| Retention Requirement | Dealers and auto auctions must retain a photocopy of the odometer disclosure for five years. |
How to Use California Fotm Reg 262
Completing the California Form REG 262 is essential for transferring vehicle or vessel ownership. Follow these steps carefully to ensure all information is accurate and complete. This will help facilitate a smooth transfer process.
- Obtain the Form: Download or request the California Form REG 262 from the DMV website or your local DMV office.
- Fill in the Vehicle/Vessel ID: In Section 1, provide the vehicle or vessel identification number, year, model, make, and license plate or CF number.
- Complete the Bill of Sale: In Section 2, print the seller's name and the buyer's name. If the transfer is a gift, indicate the relationship. Enter the date of transfer and the selling price or gift value.
- Odometer Disclosure: In Section 3, disclose the odometer reading. Check the appropriate box if there is a discrepancy and provide an explanation if necessary.
- Buyer and Seller Information: In Section 4, both the buyer and seller must print their names, sign, and date the form. Include the driver's license or ID number and the mailing address for both parties.
- Power of Attorney: If applicable, complete Section 5 by appointing someone as your attorney-in-fact. Include their printed name and your signature along with the date.
- Review the Form: Double-check all entries for accuracy and completeness. Ensure all signatures are in ink, as photocopies are not accepted.
- Submit the Form: Submit the completed REG 262 form along with the title or application for a duplicate title to the DMV.
Key takeaways
When dealing with the California Form REG 262, it is essential to understand its purpose and proper usage. This form facilitates the transfer of ownership for vehicles and vessels. Below are key takeaways to consider:
- Not an Ownership Certificate: Remember, the REG 262 form is not the title itself. It must be submitted alongside the ownership certificate or an application for a duplicate title.
- Complete All Sections: Ensure that every section of the form is filled out completely. This includes vehicle identification, bill of sale, and odometer disclosure. Incomplete forms may lead to delays in processing.
- Odometer Disclosure is Critical: The odometer section must be accurately completed. Any alterations to the mileage reported can void the disclosure, making it essential to be truthful and thorough in this area.
- Signatures Required: All parties involved must sign the form in ink. Photocopies of signatures are not accepted. Each co-owner must sign if the vehicle is jointly owned, following the specific requirements based on how ownership is recorded.
By following these guidelines, you can ensure a smoother process when transferring ownership of a vehicle or vessel in California.
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Documents used along the form
The California Form REG 262 is essential for transferring ownership of a vehicle or vessel. Alongside this form, several other documents are often required to ensure a smooth transaction. Below is a list of commonly used forms that complement the REG 262.
- Bill of Sale: This document serves as proof of the transaction between the buyer and seller. It includes details such as the sale price, vehicle description, and the names of both parties.
- Odometer Disclosure Statement: Required by federal law, this statement confirms the vehicle's mileage at the time of sale. It helps prevent fraud and must be completed accurately to avoid penalties.
- Application for Title: This form is necessary when applying for a new title after purchasing a vehicle. It provides the DMV with information about the new owner and the vehicle being transferred.
- 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. It must be signed by the person granting the power.
- Vehicle/Vessel Registration Application: This form is used to register the vehicle or vessel with the DMV. It includes details about the owner and the vehicle, ensuring that it is legally recognized.
Having these documents ready can facilitate the transfer process and ensure compliance with California regulations. Always keep copies for your records, and make sure all forms are filled out correctly to avoid any delays.
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What is the California Form REG 262?
The California Form REG 262, also known as the Vehicle/Vessel Transfer and Reassignment Form, is a crucial document used during the transfer of ownership of a vehicle or vessel in California. This form is not a title certificate but must accompany the title or an application for a duplicate title. It's important to complete this form accurately to ensure a smooth transfer process.
Who needs to fill out the REG 262 form?
Both the seller and the buyer must fill out the REG 262 form. The seller is responsible for providing details such as the vehicle's identification number, make, model, and odometer reading at the time of sale. The buyer must acknowledge the information provided and confirm their acceptance of ownership. If the vehicle is a gift, the relationship between the seller and the buyer should also be indicated.
What information is required on the REG 262 form?
The REG 262 form requires several key pieces of information, including:
- Vehicle or vessel identification number
- Year, make, and model
- License plate number
- Odometer reading at the time of transfer
- Names and addresses of both the buyer and seller
- Purchase price or gift value
- Signatures of both parties
All signatures must be in ink, and photocopies of the form are not accepted.
What happens if the odometer reading is incorrect?
If the odometer reading is incorrect or altered, the disclosure statement will be void. This means that a new odometer statement must be created, which includes the signatures of both the buyer and the seller. It’s crucial to provide accurate information, as federal and state laws require honesty in odometer disclosures. Failing to do so can result in fines or other legal consequences.
Can someone else sign the REG 262 form on behalf of the seller or buyer?
Yes, a person can appoint someone else to act on their behalf through a Power of Attorney section included in the REG 262 form. However, the person signing as the attorney-in-fact cannot complete the odometer disclosure section. It’s essential that the person granting the power of attorney signs the form to validate the appointment.