CA DMV Form REG 480. Non-Repairable Vehicle, Notice of Retention by Owner
Form REG 480 is used by insurance companies to notify the Department of Motor Vehicles (DMV) when the registered owner has chosen to retain a non-repairable vehicle. This form is typically completed when an insurance claim is settled, and the registered owner decides to keep the non-repairable vehicle instead of having it salvaged or disposed of by the insurance company.
Application Example: When an insurance claim is settled, and the registered owner wants to retain a non-repairable vehicle, the insurance company completes Form REG 480 to notify the DMV. By submitting this form, the insurance company informs the DMV that the non-repairable vehicle will remain in the ownership of the registered owner.
Related Forms: Form REG 480 is specific to the notification of retention of a non-repairable vehicle. However, other forms related to salvage vehicles, title transfers, or insurance settlements may exist depending on the specific circumstances of the transaction.