FINDERDOC.COM – REG 656 – Application For Authorization For Lien Sale Of A Lien Sale For A Vehicle Valued Over $4000 – When a vehicle owner fails to pay their loan, the lender may take legal action to enforce the loan agreement. This article explores one option available to lenders – filing an application for authorization of lien sale of a vehicle valued over $4000. The lien sale process can be complicated and usually involves a court order in addition to other documentation.
Download REG 656 – Application For Authorization For Lien Sale Of A Lien Sale For A Vehicle Valued Over $4000
|Form Number||REG 656|
|Form Title||Application For Authorization For Lien Sale Of A Lien Sale For A Vehicle Valued Over $4000|
|File Size||286 KB|
|Form By||California DMV Form|
What is a REG 656 Form?
A REG 656 Form is a California Department of Motor Vehicle document that enables an individual or company to apply for authorization to hold a lien sale of a vehicle with a value of over $4,000. This form must be submitted by the legal owner in order to transfer rights from the original lien holder (the party who holds the loan) to the purchaser at the lien sale. The REG 656 Form must include detailed information regarding both parties, including name and address, along with any financial information related to the sale. It also includes signatures from both parties attesting that they have agreed on all terms and conditions related to the lien sale. Upon submission of this form, it will be reviewed by DMV staff before approval is given for proceeding with the lien sale.
What is the Purpose of REG 656 Form?
The REG 656 form is an important document in the process of applying for authorization to conduct a lien sale on a vehicle with a value of over $4000. The purpose of this form is to provide proof that the person seeking authorization has ownership rights to the vehicle, and thus the right to sell it via lien sale. In order for authorization to be granted, applicants must complete and submit this form along with other required documents, such as proof of financial interest in the vehicle.
Additionally, when completing REG 656, applicants must not only provide information about their personal legal rights but also indicate whether they wish to obtain a title or certificate from the Department of Motor Vehicles (DMV) after the lien sale takes place.
Where Can I Find a REG 656 Form?
The REG 656 form is necessary for any vehicle valued at over $4,000. This form is available online from the California Department of Motor Vehicles (DMV) website. It must be completed and submitted to the DMV before a lien sale can be authorized. The form consists of two parts: the Application for Authorization of Lien Sale and the Statement of Facts Supporting the Application.
Both sections must be filled out completely and accurately in order to obtain authorization for a lien sale. In addition, supporting documents, such as proof of ownership or title, may also need to be included with the application packet. Once all required forms are submitted and reviewed by the DMV, they will issue an authorization that allows you to proceed with your lien sale.
REG 656 – Application For Authorization For Lien Sale Of A Lien Sale For A Vehicle Valued Over $4000
REG 656 is a form that must be completed and submitted to the Department of Motor Vehicles (DMV) in order to authorize a lien sale of a vehicle with a value greater than $4000. The form requires the applicant, who is usually the owner of the vehicle, to provide information such as their name and address, along with details about the specific lien being sold. It also specifies how much money will be paid for the lien sale, which must be at least $4100 for vehicles valued over $4000. The DMV will review all information provided on this form before authorizing or denying authorization for the lien sale.