The California Form REG 262, also known as the Vehicle/Vessel Transfer and Reassignment Form, plays a crucial role in the process of transferring ownership of vehicles and vessels within the state. This form is not a certificate of ownership; rather, it must accompany the title or an application for a duplicate title to facilitate a legal transfer. It includes essential sections that require detailed information about the vehicle or vessel, such as its identification number, year, make, and model. A bill of sale section is included, where sellers can document the sale details, including the buyer's name, purchase price, and date of the transaction. Additionally, the form mandates an odometer disclosure statement, which is vital for ensuring transparency regarding the vehicle's mileage at the time of sale. This section must be filled out accurately, as any alterations can void the disclosure. The form also requires signatures from both the buyer and seller, affirming the accuracy of the provided information. Lastly, if someone is appointed to act on behalf of the owner, a power of attorney section allows for the necessary delegation of authority. Understanding the components of the REG 262 form is essential for anyone involved in the buying or selling of vehicles and vessels in California, ensuring a smooth and legally compliant transfer process.