Fill in Your California Fotm Reg 262 Template

The California Form REG 262 is essential for anyone involved in the transfer or reassignment of a vehicle or vessel. This form serves as a vehicle/vessel transfer and reassignment document, which must accompany the ownership certificate or an application for a duplicate title. It is crucial to understand that this form does not itself confer ownership; rather, it is a critical part of the titling process. The REG 262 includes several sections that require detailed information. Section 1 mandates the description and identification of the vehicle or vessel, including the year, make, model, and identification numbers. In Section 2, the seller must provide a bill of sale that identifies both the seller and the buyer, along with the sale price or gift value. An odometer disclosure statement is included in Section 3, which is a legal requirement to disclose the vehicle's mileage at the time of transfer. This section is particularly important, as any alterations to the mileage can void the disclosure. Sections 4 and 5 capture the necessary information from both the buyer and seller, including signatures and mailing addresses, and allow for the appointment of a power of attorney if needed. Understanding the intricacies of the REG 262 is vital for ensuring a smooth and legal transfer process.