The California Form REG 262, also known as the Vehicle/Vessel Transfer and Reassignment Form, is a document used by the Department of Motor Vehicles (DMV) in California. It serves several purposes, including acting as a bill of sale, facilitating the disclosure of odometer readings, and enabling the appointment of a power of attorney for vehicle transactions. It's essential for correctly documenting the change of ownership for a vehicle or vessel.
All signatures on the Form REG 262 must be original and in ink, making photocopies unacceptable for official transactions. This requirement ensures the authenticity and legality of the document, thus helping to prevent fraud and protect all parties involved in the transfer of a vehicle or vessel.
Since the Form REG 262 contains security features that prevent it from being accurately reproduced on standard printers, it isn't available online for download like many other forms. To obtain a copy, you must request it directly from a local California DMV office or through the DMV's automated phone system.
Yes, the Form REG 262 is required for gifting a vehicle as it includes sections for declaring the transaction as a gift, including the relationship between the giver and the recipient. This form also allows for the appropriate documentation and reassignment of the vehicle without a monetary exchange.
How do I complete the odometer disclosure section?
The odometer disclosure section is a critical part of the Form REG 262, where the seller must state the vehicle's current mileage at the time of sale. If the odometer reading is not accurate, the seller must check the appropriate box indicating the discrepancy and provide an explanation. It's important to note that altering or providing false information in this section is illegal and can result in fines and/or imprisonment.
Yes, the Form REG 262 can be used for transferring ownership of any type of motor vehicle, including cars, motorcycles, boats, and vessels. The form includes sections for detailing specific vehicle identifiers, such as the vehicle identification number (VIN), license plate number, and the year, model, and make of the vehicle.
What is the Power of Attorney section for?
The Power of Attorney section of the Form REG 262 allows the current owner to appoint another individual or company to act on their behalf in completing the ownership transfer documents. It's important for the person granting this power to sign and date this section, thereby authorizing the appointed agent to sign required documents as needed. However, it cannot be used for the odometer disclosure.
While the Form REG 262 is commonly required for many private vehicle transactions in California, its necessity might vary based on specific circumstances of the transfer. It's always best to consult with the DMV or a legal advisor to confirm whether it's needed for your particular situation.
When submitting the Form REG 262, it must accompany the vehicle's title or Application for Duplicate Title if the original title isn't available. This ensures that the DMV has all necessary documentation to process the ownership transfer properly.
If errors are made while completing the Form REG 262, the DMV may require you to obtain a new form and complete it again. It's crucial to fill out the form carefully and accurately to avoid delays in the vehicle transfer process. Alterations such as write-overs, cross-outs, erasures, or deletions, especially in the odometer disclosure section, will void the document.