Section 5583 - How to Report the Retention of the Legal Owner's Interest(a) An application for registration to change the registered owner(s) of a unit, but which retains the legal owner's security interest in the unit, shall include:(1) The titling document signed by the legal owner on the designated line(s) or in the designated area for the retention of legal owner; or(2) a statement, signed under penalty of perjury by the legal owner, which includes: (A) the unit(s) identifying information;(B) the registered owner identifying information;(C) the new registered owner identifying information;(D) the legal owner identifying information; and(E) an acknowledgment that the legal owner is retaining the security interest.(3) The last-issued registered owner's registration card.Cal. Code Regs. Tit. 25, § 5583
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: Section 18100.5, 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).