CA DMV Form REG 119. Certificate of Repossession

Side A: Form REG 119 Side A is used by a vehicle's legal owner to explain the circumstances of a repossession. It includes details such as when, why, from whom, and by whom the vehicle was repossessed. The form helps document the repossession process and provides information to the California Department of Motor Vehicles (DMV).

Side B: Form REG 119 Side B is used by the legal owner to record the conditional sale through transfer, auction, or private sale of a repossessed vehicle or vessel. It serves as documentation of the subsequent sale or transfer of ownership after repossession.

The form consists of sections where the legal owner provides information about the repossessed vehicle, details about the repossession process, and information about the subsequent sale or transfer of ownership. The form may require additional documentation, such as supporting evidence of the repossession and sale.

Important fields in this form include accurately providing information about the repossession event, clearly stating the reasons for repossession, and providing accurate details about the subsequent sale or transfer of ownership. It is crucial to follow the instructions provided on the form and provide all necessary supporting documents to ensure the proper documentation of the repossession and subsequent sale or transfer.

Application Example: When a vehicle is legally repossessed, the legal owner would complete Form REG 119 to document the repossession. Side A of the form should be filled out with the details of the repossession event, including the date, reason, parties involved, and other relevant information. Side B is completed to document the subsequent sale or transfer of the repossessed vehicle. The completed form is then submitted to the DMV as a record of the repossession and sale or transfer of ownership.

Related Forms: Another related form is REG 262 (Vehicle/Vessel Transfer and Reassignment), which is used to transfer ownership of a vehicle/vessel to a new owner. While REG 119 focuses specifically on documenting the repossession and subsequent sale or transfer, REG 262 addresses the general transfer of ownership process.