CA DMV Form REG 168. Certification of Lien Sale

CA DMV Form REG 168. Certification of Lien Sale

Form REG 168 is used to certify that a vehicle valued over $4000 has undergone the lien sale process, including the 10-day redemption period. The form serves as evidence that the lien sale requirements have been fulfilled and the vehicle can be transferred to a new owner with a clear title.

The form consists of sections where the lienholder (seller) provides information such as their name, address, contact details, and details about the vehicle being sold. The form may require additional details about the lien sale process, including dates, amounts owed, and information about the redemption period. It also includes provisions for indicating the buyer's information and signatures from both the lienholder and the buyer.

Important fields in this form include accurately providing lienholder and buyer information, clearly documenting the details of the lien sale process, and ensuring that all required signatures are obtained. It is crucial to follow the instructions provided on the form, provide accurate information about the lien sale, and complete all necessary sections to facilitate the proper certification of the lien sale.

Application Example: When a vehicle valued over $4000 goes through a lien sale process, the lienholder would complete Form REG 168 to certify the lien sale. The form should be filled out with the necessary details, including the lienholder's and buyer's information, information about the vehicle, and specific details about the lien sale process. Once completed, the form is submitted to the DMV as evidence of the completed lien sale.

Related Forms: An alternative or related form may be the REG 166 (Notice of Pending Lien Sale), which is used by the lienholder to notify the registered owner about an upcoming lien sale. While REG 168 focuses specifically on certifying the completion of the lien sale, REG 166 addresses the initial notice step of the lien sale process.