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Step 9

Lien Sales – Abandoned – Abated Vehicles

Executive Summary

This VIRP section on Step 9 covers within 90 days of acquiring the vehicle, the dismantler must submit to DMV a: There is no redemption period. The buyer may take immediate possession of the vehicle. Part of Lien Sales – Abandoned – Abated Vehicles. Tags Clinic hosts the official manual text unchanged below for dealers and registration services in California.

Key Takeaways

  • Within 90 days of acquiring the vehicle, the dismantler must submit to DMV a: There is no redemption period.
  • The buyer may take immediate possession of the vehicle.
  • After the sale, the lienholder must keep the vehicle for a 10-day redemption period.
  • The registered or legal owner may redeem the vehicle by paying all costs and expenses, plus 12 percent interest (CC §3071(k)).
  • Within 15 days of the sale, the lienholder must submit any excess fees with a copy of the Certification of Lien Sale for Vessel or Vessels With Trailers Valued….

Important Facts

Manual section
Chapter
Lien Sales – Abandoned – Abated Vehicles
Manual text
Verbatim DMV VIRP source below the overview
Step 9 | California DMV Registration Manual – Tags Clinic