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California Fotm Reg 262 Template

The California Form Reg 262 is a vital document used for the transfer and reassignment of vehicle and vessel ownership. This form is not the ownership certificate; it must accompany the title or application for a duplicate title. Understanding its requirements is essential for a smooth transaction, ensuring that both buyers and sellers fulfill their legal obligations.

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Structure

The California Form REG 262, also known as the Vehicle/Vessel Transfer and Reassignment Form, is an essential document for anyone involved in the transfer of ownership of a vehicle or vessel in California. This form is not a title or ownership certificate; instead, it serves as a crucial companion to the title or an application for a duplicate title. It is important to note that photocopies of the REG 262 are not accepted, and all signatures must be in ink. The form consists of several sections that gather vital information, including a detailed description of the vehicle or vessel, the identities of both the seller and buyer, and the sale price or gift value. Additionally, it includes an odometer disclosure statement, which is mandated by both federal and state law. This statement requires the seller to disclose the vehicle's mileage at the time of sale, ensuring transparency and accountability. Any alterations to this mileage can void the disclosure, emphasizing the importance of accuracy. Lastly, the form allows for the appointment of a power of attorney, enabling another person to act on behalf of the owner in completing necessary documentation for the transfer. Understanding the nuances of the REG 262 is crucial for a smooth transaction and to protect the rights of both buyers and sellers.

Instructions on How to Fill Out California Fotm Reg 262

Filling out the California Form REG 262 is essential for transferring ownership of a vehicle or vessel. This process requires careful attention to detail to ensure all information is accurate and complete. Follow these steps to properly fill out the form.

Begin with Section 1. Enter the vehicle or vessel identification number, year, model, make, and license plate or CF number. If applicable, include the motorcycle engine number.
Move to Section 2. Here, the seller must print their name and the buyer's name. If the vehicle or vessel is a gift, indicate the relationship between the seller and the buyer. Fill in the date of transfer and the selling price or gift value.
In Section 3, provide the odometer reading. Ensure you write the mileage accurately. If there is any discrepancy, check the appropriate box and explain it clearly.
Complete Section 4. Both the buyer and seller must handprint their names, sign, and date the form. Include the driver's license or ID number for each party, along with their mailing address and daytime telephone number.
If applicable, fill out Section 5 to appoint someone as your attorney-in-fact. Print their name and sign with the date.

Once you have completed the form, double-check all entries for accuracy. This will help avoid any delays in the transfer process. Make sure to keep a copy for your records before submitting it along with the required titling document or application for a duplicate title.

Key takeaways

When filling out and using the California Form REG 262, it is important to keep the following key points 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 for submission.
Complete all required sections. Each section, including vehicle identification, bill of sale, and odometer disclosure, must be filled out accurately.
Odometer disclosure is crucial. Any alterations to the mileage reported will void this section, necessitating a new odometer statement.
Both buyer and seller must sign. Federal law requires the hand-printed name, date, and signature of both parties when disclosing and acknowledging the odometer reading.
Power of Attorney can be appointed. This allows someone else to act on your behalf for necessary documents, but they cannot complete the odometer disclosure.
Know your rights. Familiarize yourself with the Car Buyer’s Bill of Rights and other resources available on the DMV website before signing any documents.

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Documents used along the form

The California Form REG 262 is essential for transferring ownership of a vehicle or vessel. However, several other documents often accompany this form to ensure a smooth transaction. Here are five commonly used forms and documents:

Bill of Sale: This document acts as proof of the sale and includes details like the buyer and seller's names, the purchase price, and the date of sale. It is crucial for both parties to keep a copy.
Application for Duplicate Title: If the original title is lost or damaged, this application allows the owner to request a new title. It is important to fill it out correctly to avoid delays.
Odometer Disclosure Statement: This statement must be filled out to disclose the vehicle's mileage at the time of sale. It is a legal requirement to protect both the buyer and seller from fraud.
Power of Attorney: This document allows someone to act on behalf of the owner in signing necessary paperwork. It is useful when the owner cannot be present during the transaction.
Vehicle/Vessel Title: This is the official document that proves ownership. It must be signed over to the new owner to complete the transfer process.

Having these documents ready can help streamline the transfer process and ensure that all legal requirements are met. Always keep copies for your records and consult with a professional if you have any questions.

Sample - 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)

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)

Dos and Don'ts

When filling out the California Form Reg 262, consider the following guidelines:

Ensure all signatures are in ink. No electronic signatures or photocopies will be accepted.
Provide accurate information regarding the vehicle or vessel. Double-check the identification number, year, model, and make.
Complete the odometer disclosure statement carefully. Any alterations will void this section.
Clearly state the selling price or gift value. If it was a gift, indicate the relationship between the parties involved.
Retain a photocopy of the completed form for your records. This can be useful for future reference.
Consult the Car Buyer’s Bill of Rights before signing. Understanding your rights is essential.

Avoid these common mistakes:

Do not use a photocopy of the form for submission. Only the original form is valid.
Avoid leaving any sections blank. Each part of the form must be completed to ensure it is processed.
Do not alter any part of the odometer reading. Any changes will lead to penalties.
Refrain from signing without reading the entire document. Ensure you understand all terms before proceeding.
Do not forget to include the date next to each signature. This is crucial for the validity of the form.
Do not provide false information. Misrepresentation can lead to legal consequences.