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The California Form REG 262 is a crucial document for anyone involved in the transfer of vehicle or vessel ownership. This form is not a title; rather, it serves as a vehicle/vessel transfer and reassignment form that must accompany the official titling document or an application for a duplicate title. It includes several key sections that facilitate the sale or gifting of a vehicle or vessel. The first section requires detailed identification information about the vehicle or vessel, such as the make, model, and identification number. The second section acts as a bill of sale, where the seller identifies the buyer and states the selling price or gift value. Odometer disclosure is mandatory in the third section, ensuring that the mileage is accurately reported at the time of transfer, as providing false information can lead to serious consequences. The fourth section collects personal information from both the buyer and seller, confirming their acknowledgment of the transaction and the odometer reading. Lastly, the fifth section allows for the appointment of a power of attorney, enabling someone else to handle the necessary paperwork for the transfer. Understanding these aspects of the REG 262 form is essential for a smooth and legal vehicle or vessel transfer process in California.

Common mistakes

  1. Neglecting to complete all sections: Many individuals forget to fill out all required sections of the form, especially the vehicle identification and odometer disclosure sections. Each part is crucial for processing the transfer smoothly.

  2. Using photocopies: Some mistakenly submit photocopies of the form instead of the original. Remember, the DMV requires the original document; photocopies will not be accepted.

  3. Failing to sign in ink: Signatures must be in ink. Using pencil or any electronic signatures can lead to rejection of the form.

  4. Incorrect odometer readings: Reporting altered or incorrect mileage can void the odometer disclosure statement. Ensure the mileage is accurate and clearly stated.

  5. Not indicating the relationship for gifts: If the vehicle is a gift, it’s important to specify the relationship between the giver and receiver. Omitting this detail can cause delays.

  6. Missing signatures: All required parties must sign the form. If there are multiple sellers or buyers, ensure that every individual has signed where necessary.

  7. Ignoring the power of attorney section: If someone is acting on behalf of the buyer or seller, the power of attorney section must be completed correctly. Failing to do so can complicate the process.

  8. Overlooking the mailing address: Providing an incomplete or incorrect mailing address for both the buyer and seller can lead to issues with future correspondence or registration.

Preview - California Fotm Reg 262 Form

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 for transferring ownership of a vehicle or vessel. However, it is often accompanied by several other forms that facilitate this process. Each of these documents serves a specific purpose, ensuring that all legal requirements are met and that both the buyer and seller are protected during the transaction.

  • Bill of Sale: This document acts as a formal record of the transaction between the buyer and seller. It includes details such as the names of both parties, the purchase price, and the date of sale. The Bill of Sale is crucial for proving ownership transfer and can also serve as evidence in disputes.
  • Odometer Disclosure Statement: Required by federal and state law, this statement must be completed by the seller to disclose the vehicle's mileage at the time of sale. It helps prevent odometer fraud by ensuring that the buyer is aware of the actual mileage. Any alterations to this statement may void its validity.
  • Mobile Home Bill of Sale: This document facilitates the transfer of ownership of a mobile home and serves as proof of the transaction, detailing crucial information such as the buyer, seller, and the mobile home’s specifications. Understanding this document is essential for a smooth transfer process, and you can find a comprehensive version of it here: Mobile Home Bill of Sale.
  • Power of Attorney: This document allows one party to appoint another to act on their behalf in the transaction. It is particularly useful when the owner cannot be present to sign the necessary documents. However, it's important to note that the Power of Attorney cannot be used to complete the odometer disclosure.
  • Application for Duplicate Title: If the original title is lost or damaged, this application is necessary to obtain a replacement. It ensures that the new title reflects the current ownership and is essential for completing the transfer process.

Understanding these accompanying documents is vital for anyone involved in a vehicle or vessel transfer in California. Each form plays a significant role in safeguarding the interests of both buyers and sellers, ensuring a smooth and legally compliant transaction.

Similar forms

The California Form REG 262 is similar to the Bill of Sale, a document that outlines the transaction between a seller and a buyer. Just like the REG 262, the Bill of Sale includes essential details such as the names of both parties, the purchase price, and the vehicle's identification information. It serves as proof of the transfer of ownership and can be used for registration purposes. Both documents ensure that the buyer is aware of the vehicle's condition and the agreed-upon price, providing a layer of protection for both parties involved in the transaction.

Another document that shares similarities with the REG 262 is the Odometer Disclosure Statement. This statement is crucial for confirming the accuracy of the vehicle's mileage at the time of sale. Like the REG 262, it requires signatures from both the buyer and seller, affirming that the mileage reported is correct. This disclosure helps prevent fraud and protects the buyer from unknowingly purchasing a vehicle with altered mileage. It also aligns with federal and state laws, ensuring compliance during the transfer process.

The importance of having proper documentation in vehicle transactions cannot be overstated, as it ensures clarity and protection for all parties involved. For those looking to maintain transparency and mitigate potential liabilities, utilizing a Hold Harmless Agreement form can be invaluable. This form not only delineates responsibilities but also safeguards against claims that may arise during the transfer process, offering peace of mind to both buyers and sellers alike.

The Power of Attorney form is also comparable to the REG 262, especially in the context of vehicle transfers. This document allows one person to authorize another to act on their behalf in legal matters, including the transfer of vehicle ownership. Both forms require clear identification of the parties involved and their signatures, ensuring that the appointed person has the authority to complete the necessary paperwork. This can be particularly helpful if the owner cannot be present during the transfer process, allowing for a smooth transaction.

Lastly, the Application for Duplicate Title is another document that relates closely to the REG 262. If a vehicle's title is lost or damaged, this application must be submitted to obtain a new title. Similar to the REG 262, it requires specific information about the vehicle and the owner. Both documents are essential for establishing ownership and facilitating the legal transfer of a vehicle. Without a valid title or the REG 262, the transfer process can be complicated, highlighting the importance of these forms in vehicle transactions.

Dos and Don'ts

When filling out the California Form REG 262, it's essential to be meticulous. Here are ten things you should and shouldn't do to ensure a smooth process.

  • Do read the instructions carefully before starting.
  • Don't use a photocopy of the form; always use the original.
  • Do fill in all required sections completely and accurately.
  • Don't alter or erase any information, especially in the odometer section.
  • Do print names clearly in the designated areas.
  • Don't forget to sign and date the form where required.
  • Do include the correct selling price or gift value.
  • Don't leave any sections blank; if not applicable, indicate that clearly.
  • Do keep a copy of the completed form for your records.
  • Don't submit the form without verifying all information is correct.

Following these guidelines will help you avoid common pitfalls and ensure that your vehicle or vessel transfer goes smoothly. Remember, accuracy is key!

Key takeaways

When filling out and using the California Form REG 262, keep these key takeaways in mind:

  • This form is not the ownership certificate. It must accompany the title or an application for a duplicate title.
  • All signatures must be in ink. Photocopies of the form are not accepted.
  • Complete all sections accurately. Each section, including vehicle description and odometer disclosure, is essential for a valid transfer.
  • Odometer readings are crucial. Any alterations made to the reported mileage will void the odometer disclosure, requiring a new statement.
  • Co-owners must sign appropriately. If co-owners are listed as "AND," all must sign; if "OR," at least one signature is needed.
  • Power of attorney cannot complete the odometer section. This must be filled out by the seller personally.

How to Use California Fotm Reg 262

Filling out the California Form REG 262 is a straightforward process that requires careful attention to detail. This form is essential for transferring ownership of a vehicle or vessel and must be completed accurately to avoid any issues. Once the form is filled out, it will need to accompany the title or an application for a duplicate title.

  1. Begin by locating the Vehicle/Vessel Identification section at the top of the form. Fill in the identification number, year, model, make, and license plate or CF number of the vehicle or vessel.
  2. Next, move to the Bill of Sale section. Here, the seller must print their name and the buyer's name. If the vehicle was a gift, indicate the relationship between the seller and the buyer.
  3. Provide the date of the sale and the selling price. If it was a gift, also note the gift value.
  4. In the Odometer Disclosure Statement section, the seller must state the current odometer reading. Ensure that this information is accurate, as any alterations will void the disclosure.
  5. Check the appropriate box if there is an odometer discrepancy and provide an explanation if necessary.
  6. Proceed to the Buyer and Seller Information section. Both parties must handprint their names, sign, and date the form. Include the driver's license or ID number for each party, as well as their mailing address and daytime telephone number.
  7. If applicable, complete the Power of Attorney section. This is necessary if someone is appointed to act on behalf of the seller or buyer. Include the printed names and signatures of those granting power of attorney.

Once you have completed the form, review it for accuracy. Ensure all signatures are in ink, as photocopies are not accepted. The completed form should be submitted along with the appropriate title documentation to finalize the transfer process.