Section 19 of 38
Chapter 18: Lien Sales – Abandoned – Abated Vehicles
18.105 Proceeds of a Lien Sale
Chapter 18 Lien Sales—Abandoned—Abated Vehicles
18.105 Proceeds of a Lien Sale (CC §3073)
The proceeds of a sale must be used to pay the lien (towing, storage, or repairs) and the cost to conduct the lien sale. The lienholder must forward any remaining balance to the Lien Sale Unit at DMV headquarters within 15 days of the sale date, with a copy of either the Certification of Lien Sale for Vehicle Valued $4,000 or Less (REG 168A) form or Certification of Lien Sale for Vehicle Valued Over $4,000 or From a Self-Serve Storage Facility (REG 168) form.