The Vehicle/Vessel Transfer and Reassignment Form (REG 262) is used for odometer disclosure when: The title is a noncomplying title. ... There is an error or alteration in the odometer disclosure section of a complying title or Application for Registration of New Vehicle (REG 397) form.
What is a title reassignment form?
A dealer shall use a title reassignment form if the certificate of title or certificate of origin were issued in another jurisdiction that does not permit an out-of-state dealer to reassign the title.
What is a vehicle reassignment?
When the transferee of a vehicle is a motor vehicle dealer who holds the same for resale and the title is held by a lienor, a secured power of attorney must be completed. ... Vehicle sales for resale between licensed dealers are referred to as reassignments.Dec 29, 2020
What is the purpose of the DMV form 262?
The Vehicle/Vessel Transfer and Reassignment (REG 262) form serves as a bill of sale, power of attorney, and odometer disclosure. Because odometer disclosure is not required for vessels, the REG 262 or Bill of Sale (REG 135) form may be used when a bill of sale is needed.
Who fills out Reg 262?
Form REG 262 Instructions The form cannot be completed by the applicant and must be completed by a third party not directly involved in the sale or transfer of the vehicle.May 19, 2020
Do I need form 262?
Vehicle/Vessel Transfer and Reassignment Form (REG 262) For example if power of attorney is required, or if the title is missing, or if there is not enough room on the Title for any required information. ... Remember, both parties must sign this form.