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California Fotm Reg 262 Form

The California Form Reg 262 is a document used for the transfer and reassignment of vehicle or vessel ownership. It is essential to note that this form does not serve as the ownership certificate; rather, it must accompany the title or an application for a duplicate title. Proper completion of this form ensures compliance with state regulations and protects the rights of both the buyer and seller.

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California Fotm Reg 262 Sample

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)

GEICO

for the amount of

N/A

PRINT BUYER'S NAME(S)

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)

⇓ PDF File

Instructions on Utilizing California Fotm Reg 262

Completing the California Form REG 262 is an essential step in transferring ownership of a vehicle or vessel. This form must accompany the title or application for a duplicate title. It is important to ensure that all information is accurate and clearly written, as mistakes can lead to delays in the transfer process.

Obtain the REG 262 form from the California DMV website or a local DMV office.
Fill out Section 1 with the vehicle or vessel's identification number, year, model, make, and license plate number. If applicable, include the motorcycle engine number.
In Section 2, the seller should print their name and the buyer's name. If the transfer is a gift, indicate the relationship between the seller and the buyer. Specify the date of transfer and the selling price or gift value.
Complete Section 3 by providing the current odometer reading. Check the appropriate box if there is an odometer discrepancy and provide an explanation if necessary.
In Section 4, the buyer must print their name, sign, and date the form. Include their driver's license or ID number. Repeat this for all buyers. The seller must also complete their information in this section, including their name, signature, and date.
Fill out the seller's mailing address, city, state, zip code, and daytime telephone number in the designated area.
If applicable, complete Section 5 to appoint a power of attorney. Print the name(s) of the appointed person(s) and have them sign and date the form.
Review the completed form for accuracy and ensure all signatures are in ink, as photocopies are not accepted.
Submit the completed form along with the title or application for a duplicate title to the DMV.

Misconceptions

Misconception 1: The REG 262 form is a title certificate.

This form is not a title certificate. It serves as a transfer and reassignment document that must accompany the title or an application for a duplicate title. Understanding this distinction is crucial for a smooth transaction.

Misconception 2: Photocopies of the REG 262 form are acceptable.

Photocopies are not accepted for the REG 262 form. Original signatures in ink are required. However, you can keep a photocopy for your records after the transaction is complete.

Misconception 3: The odometer disclosure section can be altered.

Altering the odometer disclosure section will void the entire statement. Any changes, such as writing over or erasing, lead to complications. A new odometer statement must be created if changes are necessary.

Misconception 4: Only the seller needs to sign the form.

Both the buyer and seller must sign the REG 262 form. This ensures that both parties acknowledge the transfer of ownership and the odometer reading. All signatures must be in ink.

Misconception 5: The form can be completed by someone with power of attorney for the odometer disclosure.

While a person with power of attorney can complete the form for ownership transfer, they cannot fill out the odometer disclosure section. The seller must personally disclose the mileage to comply with legal requirements.

Documents used along the form

The California Form REG 262 is a crucial document for transferring ownership of a vehicle or vessel. However, it is often accompanied by several other forms that serve specific purposes in the transaction process. Understanding these additional documents can help ensure a smooth transfer and compliance with state regulations.

Bill of Sale: This document serves as a receipt for the transaction, detailing the sale price, date, and parties involved. It provides proof of the sale and can be essential for both the buyer and seller for record-keeping and legal purposes.
Odometer Disclosure Statement: Required by federal and state law, this statement must be completed to disclose the vehicle's mileage at the time of transfer. It protects against odometer fraud and must be signed by both the buyer and seller to be valid.
Application for Duplicate Title: If the original title has been lost or damaged, this form is necessary to request a replacement. It ensures that the new title accurately reflects the current ownership and vehicle details.
Residential Lease Agreement: For those entering into rental agreements, it's vital to consult the detailed Residential Lease Agreement guidelines to ensure compliance and understanding of your rights and responsibilities.
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 paperwork for the transfer.
DMV Release of Liability: This form notifies the California Department of Motor Vehicles that the seller is no longer responsible for the vehicle after the sale. It protects the seller from future liabilities associated with the vehicle.

Each of these documents plays a vital role in the vehicle or vessel transfer process. Ensuring that all forms are completed accurately and submitted in a timely manner can help avoid complications and facilitate a smooth transition of ownership.