The California Form Reg 262 is a document used for the transfer and reassignment of ownership for vehicles and vessels. This form is essential as it must accompany the title or an application for a duplicate title. It includes various sections that require detailed information about the vehicle or vessel, the buyer and seller, as well as odometer disclosures.
What is the California Form REG 262?
The California Form REG 262, also known as the Vehicle/Vessel Transfer and Reassignment Form, is used for transferring ownership of a vehicle or vessel in California. It is not the ownership certificate but must accompany the title or an application for a duplicate title.
Who needs to fill out this form?
This form must be completed by both the seller and the buyer of the vehicle or vessel. It is essential for documenting the sale or transfer of ownership.
What information is required on the form?
The form requires details such as:
What is the odometer disclosure section?
The odometer disclosure section requires the seller to state the vehicle's mileage at the time of transfer. This is a legal requirement to prevent fraud. Any alterations to this section will void the odometer statement.
What if the vehicle is a gift?
If the vehicle is being given as a gift, the seller must indicate the relationship to the buyer and provide the gift value in the appropriate section of the form.
Can I use a photocopy of the form?
No, photocopies of the REG 262 form are not accepted for the transfer process. The original form must be completed and submitted.
What is the Power of Attorney section?
This section allows the seller to appoint someone else to act on their behalf for the transfer of ownership. However, the odometer disclosure cannot be completed by the appointed person.
What happens if I do not complete the form correctly?
Failure to complete the form accurately may result in delays in the transfer process. It is important to ensure that all sections are filled out correctly and all signatures are in ink.
Where can I find more information about my rights?
You can visit the California DMV website at www.dmv.ca.gov to read the Car Buyer's Bill of Rights and other important information before completing the form.
What should I do if I have more questions?
If you have additional questions, consider contacting the California DMV directly or visiting their website for further assistance and resources.
Understanding the California Form Reg 262 can be challenging, and several misconceptions often arise. Here are four common misunderstandings about this important document:
Being aware of these misconceptions can help ensure a smoother transaction when transferring vehicle or vessel ownership in California. Understanding the requirements and limitations of the Reg 262 form is essential for both buyers and sellers.
Not completing all required sections. Each section must be filled out completely to avoid delays.
Using photocopies of the form. Only original forms are accepted; photocopies will not be processed.
Failing to provide accurate odometer readings. Any alteration to the mileage will void the odometer disclosure.
Not including the date of sale. This information is crucial for the transfer process.
Forgetting to sign in ink. All signatures must be in ink; digital or pencil signatures are not valid.
Neglecting to indicate the relationship if the vehicle is a gift. This is important for tax purposes.
Leaving out the buyer's mailing address. This information is necessary for official records.
Not including the seller's contact information. This can lead to complications in future communications.
Failing to understand co-ownership requirements. If there are multiple owners, specific signatures are needed based on how they are listed.
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)
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