The California Form REG 262 is a critical document known as the Vehicle/Vessel Transfer and Reassignment Form. This form facilitates the transfer of ownership for vehicles and vessels in California, ensuring that all necessary details are documented correctly. It is important 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.
The California Form REG 262 is a crucial document for individuals and entities involved in the transfer of vehicle or vessel ownership within the state. This form serves multiple purposes, primarily facilitating the legal transfer of ownership from the seller to the buyer. It is essential to note that REG 262 is not an ownership certificate; rather, it must accompany the title or an application for a duplicate title. The form includes several sections that require detailed information, including the vehicle or vessel's identification number, year, make, and model. The bill of sale section captures the transaction details, such as the selling price and the relationship between the parties if the transfer is a gift. Another significant component is the odometer disclosure statement, which mandates the seller to report the mileage at the time of sale accurately. This section aims to prevent fraud and ensure that buyers are informed about the vehicle's actual condition. Additionally, the form includes sections for both the buyer and seller to provide their names, signatures, and contact information, thereby creating a record of the transaction. Lastly, a power of attorney section allows individuals to appoint someone else to act on their behalf in completing necessary documents for the transfer. Each part of the REG 262 is designed to protect the rights of both buyers and sellers, ensuring a transparent and legally compliant transaction.
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
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
SELLER'S MAILING ADDRESS
SECTION 5 - POWER OF ATTORNEY
appoint
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
REG 262 (REV. 10/2011)
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When filling out and using the California Form Reg 262, here are some key takeaways to keep in mind:
Being thorough and precise while completing this form can help ensure a smooth vehicle or vessel transfer process.