{"id":13420,"date":"2020-04-15T15:22:14","date_gmt":"2020-04-15T22:22:14","guid":{"rendered":"https:\/\/www.dmv.ca.gov\/portal\/handbook\/vehicle-industry-registration-procedures-manual-2\/general-information-licensees\/consignments\/"},"modified":"2024-04-18T15:11:07","modified_gmt":"2024-04-18T22:11:07","slug":"consignments","status":"publish","type":"dmv_handbook","link":"https:\/\/www.dmv.ca.gov\/portal\/es\/handbook\/vehicle-industry-registration-procedures-manual-2\/general-information-licensees\/consignments\/","title":{"rendered":"2.020 Consignments (VC \u00a7266)"},"content":{"rendered":"<p>A consignment is an arrangement under which a dealer agrees to accept possession of a vehicle of a type required to be registered under the <em><a href=\"https:\/\/leginfo.legislature.ca.gov\/faces\/codesTOCSelected.xhtml?tocCode=VEH&amp;tocTitle=+Vehicle+Code+-+VEH\" target=\"_blank\" rel=\"noreferrer noopener\">Vehicle Code<\/a><\/em> from an owner of record for the purpose of selling the vehicle and to pay the owner of record or the owner\u2019s designee from the proceeds of the sale.<\/p>\n\n\n\n<p>Consignment does not include wholesale vehicle sales at a licensed auto auction. <\/p>\n\n\n\n<p>\u201cOwner\u201d does not include any person licensed as a dealer, manufacturer, manufacturer branch, distributor, or distributor branch.<\/p>\n\n\n\n<p><strong>Consignment Agreements Required (VC \u00a711729)<\/strong><br>Dealers must execute a consignment agreement containing all of the terms, phrases, conditions, and disclosures as shown in VC \u00a711730 and signed by both the consignor and the consignee.<\/p>\n\n\n\n<p>Failure to comply with the terms of the agreement or to pay the agreed amount to the consignor (or designee) within 20 days after the date of sale is cause for suspension or revocation of the dealer\u2019s license (VC \u00a711705 (a)(10)).<\/p>\n\n\n\n<p><strong>Report of Sale Required<\/strong><br>The selling dealer must complete a Report of Sale\u2013Used Vehicle (REG 51) and the transfer documents as usual when the vehicle is sold.<\/p>","protected":false},"featured_media":0,"parent":13405,"menu_order":5,"template":"","dmv_task":[11],"dmv_functional_page_type":[64],"dmv_handbook_category":[883,595],"class_list":["post-13420","dmv_handbook","type-dmv_handbook","status-publish","hentry","dmv_task-educational","dmv_functional_page_type-informational","dmv_handbook_category-general-information-licensees","dmv_handbook_category-vehicle-industry-reg-procedures-manual"],"featured_image_src":null,"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - 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