Vehicle Industry Registration Procedures Manual

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Section 6 of 38

Chapter 5: Odometer Mileage Reporting

5.060 Rollbacks and Unwinds

A rollback is a transfer of ownership from the buyer back to the dealer. An unwind is when the retail customer (buyer) does not take possession of the vehicle and the vehicle does not leave the dealership, so the transaction is voided.

The odometer mileage disclosure for rollbacks and unwinds may be disclosed using a Vehicle/Vessel Transfer and Reassignment Form (REG 262).

When a rollback occurs and acknowledgement of the odometer mileage cannot be obtained from the first retail customer, accept a Statement of Facts (REG 256) form which explains that fact.