The California Form REG 262, also known as the Vehicle/Vessel Transfer and Reassignment Form, is an essential document for anyone involved in the sale or transfer of a vehicle or vessel in California. This form is crucial as it must accompany the title or an application for a duplicate title; it does not serve as the ownership certificate itself. The form includes several key sections that guide both the seller and buyer through the necessary information required for a legal transfer. Section 1 focuses on the identification of the vehicle or vessel, including details like the make, model, and identification number. Section 2 serves as a bill of sale, where the seller identifies the buyer, states the selling price or gift value, and notes the date of the transaction. In Section 3, the seller must disclose the odometer reading at the time of sale, ensuring that any discrepancies are clearly noted. This section is critical, as any alterations to the mileage can void the disclosure. The fourth section collects information from both the buyer and seller, requiring their printed names, signatures, and contact details to finalize the transfer. Lastly, Section 5 allows for the appointment of a power of attorney, enabling someone else to handle the necessary paperwork for the transfer. Each section must be completed accurately to ensure a smooth transaction.