6.065 Repossession From a Dealer

Chapter 6 New Vehicles Sold by California Dealers

6.065 Repossession From a Dealer (Uniform Commercial Code §9503)

To register a new unregistered vehicle repossessed from a dealer, the following must be submitted:

• An Application for Title or Registration (REG 343) form completed by the buyer.
• A Verification of Vehicle (REG 31) form.
• A certified copy of the trust receipt or flooring note agreement between the finance company and the dealer.
• A Certificate of Repossession Security Interest/Conditional Sale Contract (REG 119) form executed by the finance company.
• A Vehicle/Vessel Transfer and Reassignment Form (REG 262), as needed, to complete the chain of ownership.
• If the REG 343 does not indicate the vehicle was not previously registered, the finance company or the buyer must complete a Statement of Facts (REG 256) form stating the vehicle was not previously registered.
• A smog certification, if appropriate.
• All fees due.