Vehicle Industry Registration Procedures Manual

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Section 23 of 38

Chapter 22: Corrections and Adjustments

22.095 Vehicle Value Corrections

Chapter 22 Corrections and Adjustments

22.095 Vehicle Value Corrections

Over-Reported Vehicle Value

To correct the vehicle record, the following must be submitted:

  • A Statement of Facts (REG 256) form containing:
    — The correct vehicle value.
    — The date the vehicle was purchased/acquired.
    — That they believe the incorrect value information was entered when originally registering the vehicle in their name.
  • The California Certificate of Title or an Application for Duplicate or Transfer of Title (REG 227) form, unless there is a lienholder/legal owner (LO) shown on the vehicle record. If there is an LO on the record, refer to the California Certificate of Title Held by the Lienholder/Legal Owner section in this chapter.
  • Fees due based on the corrected vehicle value.
  • An Application for Refund (ADM 399) form for a refund of any fees over paid for prior transactions based on the incorrect value.

Under-Reported Vehicle Value

To correct the vehicle record, the following must be submitted:

  • A REG 256 containing:
    — The correct vehicle value.
    — The date the vehicle was purchased/acquired.
    — They provided incorrect value information when originally registering the vehicle in their name.
    — The California Certificate of Title or a REG 227 form unless there is an LO shown on the vehicle record. If there is an LO on the record refer to the California Certificate of Title Held by the Lienholder/Legal Owner section in this chapter.

The procedures below must be followed:

The owner must not be asked why the value was reported incorrectly.

If the Vehicle IsThen
Currently registeredThe applicant must be informed that DMV headquarters may send a bill for additional fees due based on the newly-reported vehicle value.

NOTE: If the applicant requests substitute license plates/stickers at the same time, issue a temporary operating permit (TOP).
Not currently registeredThe newly-reported (correct) vehicle value must not be entered .Collect fees and penalties due based on the current (incorrect) vehicle value.The applicant must be informed that DMV headquarters will send a bill for any additional fees due based on the newly-reported vehicle value.Issue a TOP.