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Reg 262 - Vehicle / Vessel Transfer And Reassignment Form

The Reg. 262 is a single-page DMV multipurpose form that combines odometer disclosure, bill of sale, and power of attorney.

It is not available online because it is printed on security paper, which makes it compliant with federal odometer disclosure.

 

When to complete?

There are four reasons why you would need to complete this DMV form.

1. A normal transfer, with or without the certificate of title (If this is a paperless title you will also need fill out a DMV Reg 227), documenting the sale of car to the new owner.

2. You will need to complete this DMV form when there is more than one transfer for a vehicle. For example; Juan sold the vehicle to Tony, Tony is selling the vehicle to Debbie. The title (A.K.A pink slip) will show it was sold from Juan to Tony, and if there is no space for Debbie, this form will need to be completed. DMV Reg 262 will show that Tony is selling the car to Debbie.

3. You will also need to complete this form if the odometer is required and it has been crossed off or is incorrect (Only need to fill out section 1, 3 and 4 - note section 4 we will only need buyers information).

4. The last reason why you would need to complete this form is; if either party has a power of attorney (In the case that the seller or buyer cannot execute the DMV form themselves).

Fields to Compete:

 Complete Section 1 - Vehicle / Vessel Description

      - VIN Number, Year Model, Make, License Plate or CF Number (CF Number = Vessels)

 Complete Section 2 - Bill of Sale (To be completed by the seller of the vehicle)

      - Seller to New owner on date of purchase for the amount of enter amount. If the vehicle was a gift, specify your relationship to the seller and enter the amount of gift value.

Complete Section 3 - Odometer Disclosure (To be completed by the seller at the time of sale)

Note: You do not need to complete this field if:

  • The vehicle is 10+ years old
  • Commercial vehicle with a GVW / CGW of more than 16,000 pounds
  • New being transferred prior to its first retail sale by a dealer

If the above reasons do not apply to you, you will need to complete this section. Another reason you will need to complete this section is if on the original Certificate of Title the odometer was entered incorrectly or has been crossed off.

  • Mark the current miles of the vehicle
  • Select the reason for the discrepancy and explain

Complete Section 4 - Buyer and Seller (Must be hand printed)

  •  Buyers Full name, signature, date, driver's license number, mailing address and telephone number
  •  Sellers Full name, signature, date, driver's license number, mailing address and telephone number

Form is complete unless... there is a power of attorney involved in either seller or buyer.

Complete Section 5 - Power of Attorney

  •  Full name of owner or seller appoints full name of attorney.
  •  Signature of Owner or seller date & signature of appointed attorney & date

Wouldn't it be nice if someone could take care of this process for you? Well... there is! contact our office and enjoy the Express DMV service.  We will complete your transaction saving you time and simplifying the process. 


F
Faraz is the author of this solution article.

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