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The California Form REG 262, known as the Vehicle/Vessel Transfer and Reassignment Form, plays a crucial role in the process of transferring ownership of a vehicle or vessel in the state. This form is not a certificate of ownership; rather, it must accompany the title or an application for a duplicate title. It includes several key sections that ensure both the buyer and seller are protected during the transfer. Section 1 requires detailed identification of the vehicle or vessel, including its make, model, and identification number. In Section 2, the seller documents the sale through a bill of sale, providing essential details such as the selling price and the date of the transaction. An important aspect of this form is the odometer disclosure statement found in Section 3, which mandates that the seller accurately report the vehicle's mileage at the time of sale. This section also warns that any alterations to the odometer reading will void the disclosure, potentially leading to legal consequences. The buyer and seller must both sign and print their names in Section 4, confirming their understanding of the transfer and the reported mileage. Finally, Section 5 allows individuals to appoint someone else to act on their behalf in completing the necessary paperwork for the transfer. Understanding the nuances of the REG 262 form is essential for anyone involved in a vehicle or vessel transaction in California.

Common mistakes

  1. Incomplete Information: Failing to fill out all required sections can lead to delays. Each part of the form must be completed accurately.

  2. Incorrect Signatures: Signatures must be in ink. Using a digital signature or failing to sign can invalidate the form.

  3. Odometer Disclosure Errors: Not reporting the odometer reading correctly can cause legal issues. Ensure the mileage is accurate and not altered in any way.

  4. Missing Buyer or Seller Information: Both the buyer and seller must provide their full names and addresses. Omitting this information can complicate the transfer process.

  5. Failure to Indicate Gift Status: If the vehicle is a gift, the relationship must be clearly stated. Not doing so can lead to misunderstandings.

  6. Improper Power of Attorney Use: The power of attorney section must be filled out correctly if applicable. This section cannot be used for the odometer disclosure.

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Key takeaways

When filling out the California Form REG 262, there are several important aspects to consider. Below are key takeaways that will guide you through the process.

  • Ownership Certificate: Remember that this form is not the ownership certificate. It must accompany the title or an application for a duplicate title.
  • Signatures: All signatures must be in ink. Photocopies of the form are not accepted.
  • Vehicle Identification: Complete the vehicle or vessel identification section accurately, including the identification number, year, model, make, and license plate number.
  • Bill of Sale: The seller must fill out the bill of sale section, which includes the buyer's name, the selling price, and the date of the transaction.
  • Odometer Disclosure: This statement must be filled out by the seller. It is critical to report the actual mileage; any alterations will void the disclosure.
  • Legal Responsibility: The buyer must acknowledge the odometer reading and certify the accuracy of the information provided.
  • Power of Attorney: If appointing someone to act on your behalf, complete the power of attorney section. This allows them to sign necessary documents for the transfer.
  • Co-Ownership Requirements: For co-owners, signatures from all parties are necessary if joined by "AND." If joined by "OR," at least one signature is required.
  • Record Keeping: Keep a photocopy of the completed form for your records, as it may be needed for future reference.
  • Know Your Rights: Familiarize yourself with the Car Buyer's Bill of Rights and other relevant resources available on the DMV website before signing any documents.

Understanding these key points will facilitate a smoother transaction and ensure compliance with California regulations. Always double-check the completed form for accuracy before submission.

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)

 

 

 

 

 

 

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 used to transfer ownership of a vehicle or vessel in California. This form is not the ownership certificate; it must accompany the title or an application for a duplicate title. It includes sections for identifying the vehicle, disclosing the odometer reading, and providing information about the buyer and seller.

  2. Who needs to fill out the REG 262 form?

    Both the seller and the buyer of the vehicle or vessel need to fill out the REG 262 form. The seller must provide information about the sale, including the sale price or gift value, while the buyer must acknowledge the details of the transfer. If there are multiple buyers or sellers, each person involved must sign the form.

  3. What information is required on the REG 262 form?

    The form requires several key pieces of information:

    • The vehicle or vessel identification number.
    • The year, make, and model of the vehicle or vessel.
    • The names and addresses of both the buyer and seller.
    • The odometer reading at the time of sale.
    • The date of the sale and the sale price or gift value.

    All sections must be completed accurately to ensure a smooth transfer of ownership.

  4. What happens if the odometer reading is incorrect?

    If the odometer reading is not accurate, it is important to check the appropriate box on the form to indicate that there is a discrepancy. Any alterations to the odometer reading will void that section of the document. In such cases, a new odometer disclosure statement must be completed, signed by both the buyer and seller.

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

How to Use California Fotm Reg 262

Filling out the California Form REG 262 is a straightforward process. It requires accurate information about the vehicle or vessel being transferred, as well as details about the buyer and seller. Make sure to have all necessary information ready before you begin. Follow the steps below to complete the form correctly.

  1. Start with Section 1. Fill in the vehicle or vessel identification number, year, model, make, license plate number, and motorcycle engine number if applicable.
  2. Move to Section 2. In the bill of sale section, print the seller's name and the buyer's name. If this transfer is a gift, indicate the relationship between the seller and buyer. Enter the date of transfer and the selling price or gift value.
  3. In Section 3, provide the odometer reading. Ensure that the reading is accurate. If there are any discrepancies, check the appropriate box and explain the situation.
  4. Proceed to Section 4. The buyer must print their name, sign, and date the form. Include their driver's license or ID number. The seller must also print their name, sign, and date the form with their driver's license or ID number.
  5. Complete the buyer's mailing address and daytime telephone number in the designated area.
  6. In the seller's section, fill in the seller's mailing address and daytime telephone number.
  7. Finally, if applicable, complete Section 5 to appoint someone as your power of attorney. Print their name, sign, and date the section.

Once you have completed the form, make sure all signatures are in ink. Photocopies are not accepted, so keep the original for your records. This form must accompany the title or application for a duplicate title when submitted to the DMV.