1. (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. (1) The titling document, completed as follows:

      1. (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
      2. (B) signed by the legal owner (assignor) on the designated lines or in the designated area for assignment of legal owner; or

      3. (C) a statement, signed under penalty of perjury by the assignor, which includes the following information:

         1. 1. the unit(s) identifying information;
         2. 2. the registered owner identifying information;
         3. 3. legal owner identifying information of the assignor;
         4. 4. legal owner identifying information of the assignee;
         5. 5. the date of assignment; and
         6. 6. that the lien in the name of the assignor has been assigned to the assignee.
   2. (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. (3) Payment of the Lien Registration Service Fee specified in subsection 5660(m).

Note: Authority cited: Sections 18015 and 18075, Health and Safety Code. Reference: Sections 18100.5 and 18105.5, Health and Safety Code.

History

1. New section filed 12-31-97; operative 1-1-98 pursuant to Government Code section 11343.4(d) (Register 98, No. 1).