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How to Fill Out REG 138 Form?Write down the new owner's full name and address.Record the current odometer reading;Indicate the date of sale, transfer, or lease return;Enter the seller's or lessee's full name or company name and address;State the selling price of the vehicle or watercraft.More items...
-- 60 percent of the license fee if you are 31 days to one year late. There are additional late fees - displayed elsewhere on the DMV's website - that add up to $20 per vehicle if you are one to 10 days late, $30 if you are 11 to 30 days late and $60 if you are 31 days to one year late.
You will want to complete the title transfer as soon as possible, even though late. The DMV will apply a penalty for not having transferred the vehicle to your name within the 30 days allowed. The vehicle's registration renewal fees will be due as well. Those fees will also have accrued penalties.
If the buyer doesn't transfer the title within 10 days, the car's registration is suspended.
If the buyer doesn't transfer the title within 10 days, the car's registration is suspended.