FINDERDOC.COM – REG 168 – Certification Of Lien Sale – REG 168 – Certification Of Lien Sale is an important document necessary for completing the sale of a lien. This article will provide readers with information about what REG 168 is, why it’s important, and how to complete the form. A lien sale occurs when a creditor holds a claim on property to secure payment of debt or performance of an obligation. When the debtor fails to pay in full, the creditor can take legal action and sell the lien rights through a certificate of lien sale. REG 168 provides evidence that this process has been completed properly and legally.
Download REG 168 – Certification Of Lien Sale
|Form Number||REG 168|
|Form Title||Certification Of Lien Sale|
|File Size||345 KB|
|Form By||California DMV Form|
What is a REG 168 Form?
A REG 168 Form is a document used in California to certify the sale or transfer of a vehicle with an outstanding lien. The form is required to be completed and submitted to the Department of Motor Vehicles (DMV) whenever a motor vehicle, trailer, semi-trailer or mobile home has been sold through a lien sale. It must be filled out by the lender or seller of the vehicle who conducted the lien sale and provide proof that all applicable taxes have been paid.
The REG 168 Form includes important information such as: buyer’s name and address, Vehicle Identification Number (VIN), make and model of the vehicle, amount owed on it, amount received from the sale, odometer disclosure statement if applicable, signatures from both parties involved in the transaction and other details related to any financing agreement associated with it.
What is the Purpose of REG 168 Form?
The purpose of REG 168 Form is to serve as a certification of lien sale. This form is used when an automobile has been sold by the state in order to satisfy the unpaid debt on the vehicle. It is important for both the seller and buyer of an automobile to complete this form in order to protect themselves from any potential legal issues that may arise from a lien sale.
REG 168 Form must be completed by both parties and contains information regarding the date and location of the sale, as well as details pertaining to both parties involved, including the buyer’s address, name, driver’s license number, sales price and more. Once completed, this form will provide proof that all necessary steps were taken during a lien sale; ensuring that both parties are protected if any disputes should arise after the transaction has taken place.
Where Can I Find a REG 168 Form?
The REG 168 form is an essential part of the process for certifying a lien sale in California. This form must be completed and submitted to the Department of Motor Vehicles (DMV) within ten days of the lien sale in order to legally transfer ownership of a vehicle.
The form can be obtained from several sources, including online from the DMV website or by visiting a local DMV office. It may also be available at some state-approved auto dealerships and financial institutions that specialize in auto loans. Those who are unable to obtain a REG 168 form through any of these channels should contact their county’s tax collector’s office for further assistance.
REG 168 – Certification Of Lien Sale
REG 168 – Certification Of Lien Sale is a process that must be followed in California when a lien sale has been conducted and the property has been sold. This process is important as it transfers ownership of the property to the new owner, while also protecting the rights of all parties involved. The purpose of REG 168 is to ensure that all necessary documentation is filed and available for review, including an affidavit from the lien holder and any additional documents required by the court.