Reassignment

State:
Multi-State
Control #:
US-OG-508
Format:
Word; 
Rich Text
Instant download

Description

The Reassignment form, assignee will, at such time, reassign the leases and lands within that nonproducing governmental proration unit to assignor by recordable instrument.

How to fill out Reassignment?

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FAQ

In simple situations where you own the vehicle outright and wish to transfer ownership to someone else, all you must do is complete a title certificate. Once you have filled out and signed the certificate, the buyer or recipient can take the title to a local DMV office and officially transfer ownership.

Directly under the statement Assignment of title by registered owner, write in the date the car was sold. On the next line, write in the name or names of the buyers and their address. On the next line, write in the odometer reading. Where it says Signature(s) of buyer, the buyer or buyers must sign the title.

A motor vehicle dealer purchasing the vehicle does not have to re-title the vehicle. This is considered a sale for resale. Vehicle sales for resale between licensed dealers are referred to as reassignments.

There are two locations you must sign. Sign on the front of the title where it is marked Signature of Owner or Agent. Sign the back of the title where it is marked "Signature of Seller/Agent." Print your name on the back of the title where it reads "Printed Name (Same as Signature)."

On the title where it says Signature(s) of all purchaser(s), all persons who are buying the car should sign their names. Next to that, the seller should sign their name. On the next line, all buyers and sellers should print their names.

Seller / Registered Owner Steps On the back of the title you will fill in the top block ASSIGNMENT OF A VEHICLE. Enter the date in the spaces indicated on the first line. Fill in the buyer name and address on the next line. Buyer provides name of buyer's lienholder, if any.

Back of the title top right - sign name(s) on the line where it reads "Signature(s) of Seller(s)." Back of the title right below where you signed name(s) - print name(s) on the line where it reads "Hand Printed Name(s) of Seller(s)."

In simple situations where you own the vehicle outright and wish to transfer ownership to someone else, all you must do is complete a title certificate. Once you have filled out and signed the certificate, the buyer or recipient can take the title to a local DMV office and officially transfer ownership.

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Reassignment