Fill Out Your California Fotm Reg 262 Form

Misconception 1: The REG 262 form is the ownership certificate.

This is incorrect. The REG 262 form is not the ownership certificate; it must accompany the title or an application for a duplicate title.

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

In fact, photocopies are not accepted. The original form with all signatures must be submitted, while you can keep a photocopy for your records.

Misconception 3: The odometer disclosure section can be altered after it is filled out.

Altering the odometer disclosure section voids it. Any changes such as cross-outs or erasures will invalidate the statement, requiring a new odometer disclosure.

Misconception 4: Only the seller needs to sign the REG 262 form.

This is false. Both the buyer and seller must sign the form, acknowledging the odometer reading and the transfer of ownership.

Misconception 5: The REG 262 form is only necessary for vehicle sales.

The form is also required for transferring ownership of vessels. It is applicable to both vehicles and vessels.

Misconception 6: The buyer does not need to provide their mailing address on the form.

Actually, the buyer's mailing address is required. This helps in ensuring proper communication regarding the ownership transfer.

Misconception 7: You can use a power of attorney to complete the odometer disclosure statement.

This is not true. The odometer disclosure cannot be completed by a power of attorney. Both parties must sign the disclosure themselves.

Misconception 8: The REG 262 form is only for private sales.

In reality, the REG 262 form is used in both private sales and transactions involving dealerships or auto auctions.

Misconception 9: All co-owners must sign the REG 262 form if they are joined by "OR."

This is misleading. Only one owner needs to sign if they are joined by "OR." However, if they are joined by "AND," all co-owners must sign.

Misconception 10: The REG 262 form does not require any specific format for signatures.

In fact, all signatures must be in ink. Typed or digital signatures are not acceptable.

Do's

• Complete all required sections of the form accurately.
• Use ink for all signatures; avoid using pencil or digital signatures.
• Provide the correct odometer reading without any alterations.
• Ensure all names and addresses are printed clearly to avoid confusion.
• Keep a photocopy of the completed form for your records.

Don'ts

• Do not submit photocopies of the form; only original forms are accepted.
• Do not leave any required fields blank; incomplete forms may be rejected.
• Do not alter the odometer reading in any way, as this voids the disclosure.
• Do not forget to check the box if there is an odometer discrepancy.
• Do not sign the form without reviewing all information for accuracy.

Filling out the California Form REG 262 can be straightforward, but many people make common mistakes that can lead to delays or issues with vehicle transfers. One significant mistake is failing to complete all required sections. Each section of the form must be filled out accurately. Omitting even a small detail can result in the form being rejected.

Another frequent error involves the odometer disclosure. Many individuals either forget to fill out this section or provide inaccurate mileage. The law requires that the odometer reading be correct at the time of sale. If there are any discrepancies, they must be clearly explained. Failure to do so can void the odometer statement, complicating the transfer process.

People often neglect to sign the form in ink. All signatures must be original and in ink; photocopies or electronic signatures are not acceptable. This requirement is crucial for the validity of the document. Without proper signatures, the form cannot be processed.

Another mistake is related to the identification of the buyer and seller. It's essential that the names are printed clearly and match the identification provided. Errors in names can lead to complications when trying to register the vehicle.

Many individuals overlook the importance of including the correct selling price or gift value in the Bill of Sale section. This information is crucial for both tax purposes and for the records of the DMV. Providing incorrect amounts can raise questions and lead to further inquiries.

Additionally, people sometimes fail to indicate the relationship if the vehicle is a gift. This detail is important for tax exemptions and must be clearly stated to avoid complications.

Another common oversight is not providing complete contact information. The mailing address and daytime telephone number must be included for both the buyer and seller. Missing this information can hinder communication and delay the transfer process.

Some individuals forget to keep a copy of the completed form for their records. While photocopies of the REG 262 itself are not accepted for submission, retaining a copy for personal records can be beneficial if any questions arise later.

Lastly, many people fail to understand the power of attorney section. If someone is acting on behalf of another person, this section must be filled out correctly. The signatures of both parties are required, and any oversight can complicate the transfer process.

By being aware of these common mistakes, individuals can ensure a smoother experience when completing the California Form REG 262. Attention to detail and careful completion of the form are key to a successful vehicle transfer.

• Form Purpose: The California Form REG 262 is essential for transferring ownership of a vehicle or vessel. It must accompany the title or an application for a duplicate title.
• Original Signatures Required: All signatures on the form must be in ink. Photocopies are not accepted, ensuring the authenticity of the document.
• Odometer Disclosure: Sellers must accurately disclose the vehicle's mileage. Any alterations to this section will void the odometer statement, requiring a new disclosure.
• Buyer and Seller Information: Both parties must provide their names and addresses. This section confirms the transfer of ownership and acknowledges the mileage reported.
• Power of Attorney: If appointing someone to act on your behalf, this section must be completed. However, the odometer disclosure cannot be signed by a power of attorney.
• Co-Ownership Requirements: For co-owners, signatures are needed based on how ownership is recorded. "AND" requires all owners, while "OR" requires at least one signature.
• Record Keeping: Photocopies of the completed form can be kept for personal records. Dealers must retain copies of the odometer disclosure for five years.