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Old 10-07-2012, 09:30 PM
 
Location: Florida
2,026 posts, read 2,738,354 times
Reputation: 1382

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Hi,

I had an accident with a total loss.
I filled out the Vehicle/Vessel transfer form (REG 262) with the power of attorney section and sent it back to the insurance company. Then they have sent me a check.
I though that was all, but then I have received a renewal notice from DMV, assuming they still think it is mine.

So, do i have to fill in the Notice of Release of Liability (REG 138) form and sent it to DMV, or it only applies to selling a functional car to a private party?
A similar case might be when someone trades in his/her old car when buying a new one. If you trade in, do you have to send any forms to DMV or the dealer will do it? I assumed that the power of attorney part was for that purpose.
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