Section 5582 - How to Report the Assignment of the Legal Owner's Interest(a) Within 20 days of the assignment of interest by a legal owner, the assignee shall submit an application for registration to the department to report the assignment, which shall include: (1) The titling document, completed as follows:(A) the name and address of the new legal owner (assignee) on the designated lines or in the designated area for new legal owner; and(B) signed by the legal owner (assignor) on the designated lines or in the designated area for assignment of legal owner; or(C) a statement, signed under penalty of perjury by the assignor, which includes the following information: 1. the unit(s) identifying information;2. the registered owner identifying information;3. legal owner identifying information of the assignor;4. legal owner identifying information of the assignee;5. the date of assignment; and6. that the lien in the name of the assignor has been assigned to the assignee.(2) If the titling document was issued by DMV or another state, a statement of lien assignment, as specified in subsection (a)(1)(C) above, shall be included.(3) Payment of the Lien Registration Service Fee specified in subsection 5660(m).Cal. Code Regs. Tit. 25, § 5582
1. New section filed 12-31-97; operative 1-1-98 pursuant to Government Code section 11343.4(d) (Register 98, No. 1). Note: Authority cited: Sections 18015 and 18075, Health and Safety Code. Reference: Sections 18100.5 and 18105.5, Health and Safety Code.
1. New section filed 12-31-97; operative 1-1-98 pursuant to Government Code section 11343.4(d) (Register 98, No. 1).