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The California Form REG 262, also known as the Vehicle/Vessel Transfer and Reassignment Form, plays a crucial role in the process of transferring ownership of vehicles and vessels within the state. This form is not a certificate of ownership; rather, it must accompany the title or an application for a duplicate title. It is essential for both sellers and buyers to complete this form accurately to ensure a smooth transaction. The form includes several key sections: the vehicle or vessel identification, the bill of sale, an odometer disclosure statement, and the buyer and seller information. Each section requires specific details, such as the vehicle's identification number, the sale price, and the odometer reading at the time of transfer. Additionally, signatures must be provided in ink, and photocopies are not accepted. The form also allows for the appointment of a power of attorney, enabling another individual to act on behalf of the seller or buyer during the transfer process. Understanding the requirements and implications of the REG 262 form is vital for anyone involved in a vehicle or vessel transaction in California.

Similar forms

The California Form REG 262 is similar to the Vehicle/Vessel Bill of Sale. This document serves as a record of the sale between the buyer and seller. It includes essential details such as the names of both parties, the purchase price, and the date of the transaction. Like the REG 262, the Bill of Sale provides legal proof of the transfer of ownership, making it a crucial document for both parties involved in the sale.

Another related document is the Odometer Disclosure Statement. This statement is required when a vehicle is sold to ensure transparency regarding the mileage on the vehicle. It must be completed by the seller, similar to the odometer section in the REG 262. Both documents emphasize the importance of providing accurate mileage to avoid legal issues later. They protect both the buyer and seller from potential disputes regarding the vehicle's condition.

The Application for Duplicate Title is also comparable. This form is used when the original title is lost or damaged. Like the REG 262, it facilitates the transfer of ownership by allowing the new owner to obtain a valid title. Both documents are essential for ensuring that the vehicle can be legally registered and operated on public roads.

The Power of Attorney form is another important document. It allows someone to act on behalf of another person in matters related to vehicle ownership. Similar to the power of attorney section in the REG 262, this document grants the appointed individual the authority to sign necessary paperwork. This can be vital when the owner cannot be present to complete the transfer process.

The Vehicle Registration Application is also similar. This form is used to register a vehicle with the Department of Motor Vehicles. Like the REG 262, it requires detailed information about the vehicle and the owner. Both documents are part of the process to ensure that the vehicle is legally recognized and can be operated on public roads.

In the context of real estate documentation, it is important to emphasize that just as various vehicle-related forms ensure transparency and legitimacy in ownership transitions, the Georgia SOP form serves a similar purpose for property transactions. For those looking to understand more about necessary forms in Georgia, including the Statement of Property, resources like Georgia PDF Forms can provide essential guidance and information for buyers and sellers alike.

The Notice of Transfer and Release of Liability is another related document. This form notifies the DMV that the vehicle has been sold and releases the seller from future liabilities associated with the vehicle. It serves a similar purpose to the REG 262 by documenting the change of ownership and protecting the seller from any legal issues that may arise after the sale.

Lastly, the Vehicle Title Transfer form is similar in function. This document is used to officially transfer the title of a vehicle from one owner to another. Like the REG 262, it requires signatures from both the buyer and seller. Both forms are essential for ensuring that the transfer of ownership is legally recognized and that the new owner can register the vehicle without complications.

Form Specifications

Fact Name Details
Purpose The California REG 262 form is used for the transfer and reassignment of vehicle or vessel ownership.
Not Ownership Certificate This form does not serve as the ownership certificate. It must be submitted with the title or application for a duplicate title.
Signature Requirement All signatures on the form must be in ink. Photocopies of the form are not accepted.
Odometer Disclosure Federal and state laws mandate the disclosure of the vehicle's mileage at the time of transfer. Failing to provide accurate information may lead to penalties.
Bill of Sale The seller must complete the bill of sale section, detailing the buyer's information and the selling price or gift value.
Power of Attorney Section 5 allows individuals to appoint someone to act on their behalf for necessary documentation related to the transfer.
Co-Ownership Signatures For co-owners joined by "AND," all owners must sign. If joined by "OR," at least one owner’s signature is required.
Retention of Copies Dealers and auto auctions are required to keep a photocopy of the odometer disclosure for five years.
Governing Laws The REG 262 form is governed by California Vehicle Code Sections 5901 and 5902.

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)

 

 

 

 

 

 

 

 

 

 

 

 

 

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)