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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 vehicles and vessels in the state. This form is essential for both buyers and sellers, as it facilitates the legal transfer of ownership and ensures compliance with state regulations. It is important to note that the REG 262 is not a certificate of ownership; rather, it must accompany the title or an application for a duplicate title. The form consists of several sections, each designed to capture specific information. Section 1 requires detailed identification of the vehicle or vessel, including its identification number, year, model, make, and any relevant license plate information. In Section 2, sellers must provide a bill of sale that includes the names of both the seller and buyer, the selling price or gift value, and the date of the transaction. Section 3 focuses on the odometer disclosure statement, where sellers must report the vehicle's mileage at the time of sale, ensuring that any discrepancies are noted to avoid legal repercussions. Sections 4 and 5 gather necessary buyer and seller information and allow for the appointment of a power of attorney, respectively. Each section must be completed accurately and signed in ink, as photocopies are not accepted. Understanding the intricacies of the REG 262 is vital for a smooth transaction and to protect the rights of all parties involved.

How to Write California Fotm Reg 262

Completing the California Form REG 262 is essential for transferring ownership of a vehicle or vessel. This form must be filled out accurately to ensure a smooth transaction. Follow the steps below to complete the form properly.

  1. Obtain the Form: Download the REG 262 form from the California DMV website or visit a local DMV office to get a physical copy.
  2. Fill Out Vehicle/Vessel Description: In Section 1, provide the vehicle or vessel identification number, year, model, make, license plate or CF number, and motorcycle engine number if applicable.
  3. Complete the Bill of Sale: In Section 2, write the seller's name and the buyer's name. If the vehicle is a gift, indicate the relationship. Enter the date of transfer and the selling price or gift value.
  4. Odometer Disclosure: In Section 3, disclose the odometer reading. Make sure to check the appropriate boxes if the mileage is not accurate or exceeds mechanical limits. This section must be completed carefully, as any alterations will void the statement.
  5. Buyer and Seller Information: In Section 4, both the buyer and seller must print their names, sign, and date the form. Include driver's license or ID numbers, mailing addresses, and daytime telephone numbers.
  6. Power of Attorney (if applicable): If appointing someone to act on your behalf, complete Section 5 with the names of the appointed individuals. Both parties must sign and date this section.
  7. Review the Form: Double-check all entries for accuracy. Ensure all signatures are in ink and that there are no photocopies.
  8. Submit the Form: Submit the completed REG 262 form along with the title or application for a duplicate title to the DMV. Keep a copy for your records.

After filling out the form, it is crucial to submit it along with the necessary documentation to the DMV. This will initiate the transfer process and ensure that ownership is legally recognized. Be sure to keep copies of all documents for your personal records.

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. It serves as a necessary document for the transfer process.

  • Misconception 2: Photocopies of the REG 262 form are acceptable for submission.
  • Photocopies are not accepted for submission. Only original forms with signatures in ink are valid. However, individuals can retain copies for their personal records.

  • Misconception 3: Odometer readings can be altered after the form is completed.
  • Altering the odometer reading voids the disclosure statement. Accurate mileage must be reported without any modifications to ensure compliance with federal and state laws.

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

  • Misconception 5: The REG 262 form can be filled out by anyone.
  • Only the designated seller and buyer, or their authorized representatives, can complete the form. This includes situations where a power of attorney is involved.

  • Misconception 6: There are no consequences for providing false information on the form.
  • Providing false information can lead to significant penalties, including fines or imprisonment. It is crucial to ensure that all information is accurate and truthful.

  • Misconception 7: The form can be used for any type of vehicle transfer.
  • The REG 262 form is specifically designed for vehicle and vessel transfers. It may not be applicable for other types of asset transfers.

  • Misconception 8: The power of attorney section can be used to complete the odometer disclosure.
  • The power of attorney cannot be used to complete the odometer disclosure statement. This section must be filled out by the seller directly.

California Fotm Reg 262 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)

 

 

 

 

 

 

Key takeaways

When filling out the California Form REG 262, there are several important points to keep in mind to ensure a smooth transfer of vehicle or vessel ownership. Here are five key takeaways:

  • Not a Title: Remember, this form is not the ownership certificate. It must accompany the title or an application for a duplicate title. Without it, the transfer may not be valid.
  • Accurate Information: Complete all sections accurately. This includes the vehicle or vessel identification, bill of sale, and odometer disclosure. Any discrepancies can lead to complications.
  • Odometer Disclosure: The odometer section is crucial. It must reflect the actual mileage at the time of sale. Alterations to this section will void the disclosure, requiring a new statement to be completed.
  • Signatures Required: Both the buyer and seller must handprint their names, date, and sign the form. This is essential for validating the transfer. If there are co-owners, ensure all necessary signatures are obtained.
  • Power of Attorney: If appointing someone to act on your behalf, complete the power of attorney section. This person can help with necessary documentation but cannot complete the odometer disclosure.

Following these guidelines will help facilitate a successful transfer of ownership while ensuring compliance with California laws. Always double-check the completed form before submission to avoid any potential issues.

Dos and Don'ts

When filling out the California Form REG 262, it's essential to follow specific guidelines to ensure the process goes smoothly. Below is a list of things you should and shouldn't do.

  • Do complete all sections of the form accurately.
  • Do provide the actual odometer reading without alterations.
  • Do sign the form in ink; electronic signatures are not accepted.
  • Do include the full names and addresses of both the buyer and seller.
  • Do indicate the relationship if the vehicle is a gift.
  • Don't use photocopies of the form; the original must be submitted.
  • Don't leave any required fields blank; this may delay processing.

Following these guidelines will help ensure that your vehicle or vessel transfer is processed without issues.

Similar forms

The California Form REG 262 is similar to the Bill of Sale, which is a document used to transfer ownership of personal property, including vehicles. Like the REG 262, the Bill of Sale identifies the seller and buyer, outlines the purchase price, and includes the date of the transaction. It serves as proof of the sale and can be used for registration purposes. While the REG 262 includes specific sections for odometer disclosure and power of attorney, the Bill of Sale focuses primarily on the transaction details, making it an essential document in the vehicle transfer process.

Another document that parallels the California Form REG 262 is the Odometer Disclosure Statement. This statement is often included as part of the vehicle title transfer documents and requires the seller to disclose the vehicle's mileage at the time of sale. Similar to the REG 262, it mandates that both the buyer and seller provide their signatures to acknowledge the accuracy of the mileage. The Odometer Disclosure Statement is crucial for preventing fraud related to odometer tampering, ensuring that buyers are informed about the vehicle's actual mileage history.

The Application for Duplicate Title also shares similarities with the REG 262. This form is used when a vehicle owner needs to obtain a replacement title due to loss or theft. Both documents require detailed information about the vehicle and the parties involved in the transaction. While the REG 262 is primarily focused on transferring ownership, the Application for Duplicate Title is about re-establishing proof of ownership. Both documents are essential in ensuring that vehicle transactions are conducted legally and that ownership records are accurate.

To effectively manage your rental agreements, consider utilizing a customized Georgia Lease Agreement template that encapsulates all necessary terms and conditions between landlords and tenants, ensuring a clear understanding of both parties' responsibilities.

Lastly, the Power of Attorney form is closely related to the REG 262, particularly in its provision for appointing someone to act on behalf of the vehicle owner. This document allows an individual to designate another person to handle necessary paperwork for transferring ownership. Like the REG 262, the Power of Attorney form requires signatures from both parties to validate the appointment. This ensures that all actions taken on behalf of the vehicle owner are authorized and legally binding, facilitating a smoother transaction process.