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Buyers have 10 days after purchasing the vehicle to transfer ownership from the seller to themselves, and sellers have 5 days after the sale to report the transfer of ownership to DMV.
A release of liability (commonly referred to as a liability waiver or an exculpatory agreement) governed by California law given or signed by a prospective participant in a potentially dangerous activity in favor of the company providing access to the activity.
This can be done using a printed REG 138 or online, using the Internet Notice of Release of Liability (IRL) on the DMV Internet website. DMV cannot update the vehicle record if the transfer date is missing.
If the buyer does not sign the title and mail or give it to DVS, then the seller's name stays on the title of the car. If the buyer doesn't transfer the title within 10 days, the car's registration is suspended. What should I do if I sold a car but didn't report the sale? You should report the sale to DVS immediately.
Sold your vehicle? Completing a Notice of Transfer and Release of Liability (NRL) lets DMV know that you are no longer responsible for parking/traffic violations or civil or criminal actions associated with the vehicle after the date of sale.