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The release of liability becomes effective at the time you place it in a mailbox to send it to the DMV. It is strange that the DMV claims they did not receive it. As the vehicle owner, you're liability should be limited to $15,000 per person, $30,000 total, and $5,000 in property damage. If you have auto insurance, you need to immediately call ...
When you sell a car to a buyer, the buyer will report the change of ownership to the DMV and you also have a similar form to turn in to DMV. When you are dealing with a licensed auto dealership, usually the dealer handles all paperwork.
It doesn't seem like I have a choice but to submit a notice of transfer and release of liability late. However, I am concerned as to what, if any, penalties I would suffer by submitting a late notice after I did some research and found that California Vehicle Code (CVC) section 5900 requires such notice to be provided to the DMV within 5 ...
The buyer is refusing to give it to me now. Instead, he patched up the car and is trying to re-sell it to an unsuspecting third party without disclosing the accident, with my name still on the title, as he has never filed any paperwork with DMV. I completed Notice of Transfer and Release of Liability online on DMV site.
Website. (608) 851-2101. Message View Profile. Posted on Jan 23, 2015 Selected as best answer. Once the DMV does the involuntary title transfer following a repo, your liability for accidents or parking tickets of the vehicle is at an end, and there is no reason to either insure it or renew the registration.
In California, when you sell your car to someone in another state like Iowa, you still need to complete the NOTICE OF TRANSFER AND RELEASE OF LIABILITY. Here's some information to address your questions: 1. You should complete the NOTICE OF TRANSFER AND RELEASE OF LIABILITY as the seller. This form notifies the California DMV that you are no ...
Gather Documentation: Maintain all records related to the sale, including the Release of Liability, proof of the sale date, and any communication you had with the towing/impound lot. Contact DMV: Reach out to the DMV and explain your situation, providing them with all relevant details. They may be able to assist you in resolving the matter.
By 'Liability', I mean, once I sell my vehicle to the new owner and if the new owner, before registering the car in his/her name commits a violation (traffic violation or parking violation), then legally I should not be responsible for paying those tickets. Also, cops or DMV should not expect me to pay for those violations.
I went to the DMV and they weren't much help either, said I could put it in non-op but I would have to pay reg fees still AND they could still rack up toll booth fees and I'd have to pay them. The DMV told me the car is not insured so any damage done, I could still be liable for even as a non-op.
The release is mostly there for buyers who do not transfer title. The title of record then remains with the seller, and being owner of record is a legal event that the world takes notice of. The release of liability tries to correct that record and point the finger at the buyer.