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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)

 

 

 

 

 

 

Documents used along the form

The California Form Reg 262 is an essential document used during the transfer of vehicle or vessel ownership. However, it is often accompanied by several other forms and documents that help facilitate the process. Below is a list of commonly used documents along with brief descriptions of each.

  • Bill of Sale: This document serves as proof of the transaction between the buyer and seller. It includes details such as the purchase price, vehicle description, and the names of both parties involved in the sale.
  • Odometer Disclosure Statement: Required by federal and state law, this statement discloses the vehicle's mileage at the time of sale. It ensures that both parties acknowledge the odometer reading and helps prevent fraud.
  • Application for Duplicate Title: If the original title is lost or damaged, this form is used to request a duplicate title from the Department of Motor Vehicles (DMV). It is necessary for completing the ownership transfer.
  • Power of Attorney: This document allows one person to act on behalf of another in legal matters. In vehicle transfers, it can authorize someone to sign documents related to the sale or registration.
  • Louisiana Articles of Incorporation - When establishing a corporation in Louisiana, filing the Articles of Incorporation is essential for legal recognition and operation.
  • Vehicle/Vessel Title: The title serves as the official ownership document for the vehicle or vessel. It must be presented during the transfer process to establish the seller's right to transfer ownership.
  • DMV Application for Title or Registration: This application is submitted to the DMV to register the vehicle in the new owner's name. It includes information about the vehicle and the new owner.
  • Smog Certification: In California, certain vehicles require a smog check before they can be sold. This certification proves that the vehicle meets state emissions standards.
  • Insurance Verification: Proof of insurance may be required to complete the transfer. This document shows that the new owner has valid insurance coverage for the vehicle.
  • Release of Liability: This form notifies the DMV that the seller is no longer responsible for the vehicle once it has been sold. It protects the seller from future liabilities associated with the vehicle.
  • Vehicle History Report: Although not always required, this report provides information about the vehicle's past, including any accidents, title issues, or other significant events that could affect its value.

Each of these documents plays a crucial role in ensuring a smooth and legal transfer of vehicle or vessel ownership. Being aware of these forms can help both buyers and sellers navigate the process more effectively.

Similar forms

  • California Form REG 343: This form is used for the application for a duplicate title for a vehicle. Similar to the REG 262, it requires information about the vehicle and the parties involved in the transfer.
  • California Form REG 227: This is the application for title or registration. Like the REG 262, it serves as a necessary document for transferring ownership and includes information about the vehicle and its previous owners.
  • California Form REG 256: This document is a notice of transfer and release of liability. It functions similarly to the REG 262 by notifying the DMV of a change in ownership and protecting the seller from future liabilities.
  • California Form REG 315: This is the application for a new owner to register a vehicle. It parallels the REG 262 in that it collects necessary information for the registration process following a transfer of ownership.
  • Trailer Bill of Sale Form: When transferring ownership of a trailer, use the official Trailer Bill of Sale documentation to ensure compliance with legal requirements.
  • California Form REG 488C: This is used for the transfer of ownership of a vehicle that is a commercial vehicle. It shares similarities with the REG 262 in detailing the transfer process and requiring signatures from both parties.
  • California Form REG 262A: This is a bill of sale form specifically for vehicles. Like the REG 262, it documents the sale and includes information about the buyer and seller, as well as the vehicle details.
  • California Form REG 341: This form is used for a vehicle's odometer disclosure statement. It is similar to the REG 262 in that it requires accurate mileage reporting during the transfer of ownership.
  • California Form REG 400: This is the application for a salvage certificate. It is similar to the REG 262 as it involves the transfer of ownership and requires detailed information about the vehicle's condition.

Misconceptions

  • Misconception 1: The REG 262 form is a title certificate.
  • This form is not the ownership certificate. Instead, it serves as a transfer and reassignment document that must accompany the title or an application for a duplicate title.

  • Misconception 2: Photocopies of the REG 262 form are acceptable for submission.
  • Photocopies are not accepted. The original form, completed in ink with all required signatures, must be submitted.

  • Misconception 3: The odometer disclosure can be altered after signing.
  • Any alteration to the odometer reading voids the disclosure statement. A new odometer statement is required if changes are made.

  • Misconception 4: Only the seller needs to sign the form.
  • Both the buyer and seller must handprint their names, sign, and date the form. This ensures that both parties acknowledge the transfer and the odometer reading.

  • Misconception 5: The REG 262 form can be completed by a power of attorney.
  • While a power of attorney can be appointed to handle the transfer, they cannot complete the odometer disclosure section of the form.

  • Misconception 6: The form is only for vehicle transfers.
  • The REG 262 form can also be used for the transfer of vessels, not just vehicles. It applies to both categories.

  • Misconception 7: The buyer does not need to provide their mailing address.
  • The buyer's mailing address is required on the form. This information is essential for proper registration and communication.

  • Misconception 8: The REG 262 form is optional for private sales.
  • This form is necessary for all transfers of ownership, whether between private parties or through a dealership. It helps ensure that the transaction is documented properly.

Understanding California Fotm Reg 262

  1. 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 required when transferring ownership of a vehicle or vessel in California. It is not a title but must accompany the title or an application for a duplicate title.

  2. Who needs to fill out the REG 262?

    Both the seller and the buyer must complete the REG 262. The seller provides necessary details about the vehicle or vessel and the sale, while the buyer acknowledges receipt and accepts ownership responsibilities.

  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
    • License plate number
    • Odometer reading at the time of sale
    • Names and addresses of both the seller and the buyer
    • Details of the sale, including the selling price or gift value
  4. What is the purpose of the odometer disclosure statement?

    The odometer disclosure statement is a legal requirement that ensures the buyer is aware of the vehicle's mileage at the time of transfer. Providing false information or altering the mileage can lead to serious legal consequences.

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

    No, photocopies of the REG 262 are not accepted for the transfer process. However, you may retain a photocopy for your personal records after completing the original form.

  6. What if the vehicle is a gift?

    If the vehicle is being given as a gift, the seller should indicate the relationship to the buyer on the form. It’s important to also state the gift value in the appropriate section.

  7. Do I need to provide a power of attorney?

    A power of attorney is only necessary if you are appointing someone else to handle the transfer process on your behalf. This section must be filled out if applicable, but it cannot be used for the odometer disclosure.

  8. What happens if I don’t complete the form correctly?

    Failure to complete the REG 262 accurately can delay the transfer process or even result in penalties. It is crucial to double-check all information and ensure that all signatures are provided in ink.

  9. Where can I find more information about my rights as a buyer?

    For more information about your rights when buying a vehicle, you can visit the California DMV website at www.dmv.ca.gov. There, you can find resources like the Car Buyer's Bill of Rights and other helpful brochures.