DMV Checklist for Car Loan Refinance: Financed Vehicle
CA DMV CHECKLIST
Refinance -- Financed Vehicle (INCLUDES CASH OUT TRANSACTIONS)
Copy of Current Vehicle Registration (CA Only) -- If registration expires in 60 days or less, it must be renewed prior to funding Loan Payoff Information -- Lien holder information
Name of current lender........................................................................................................... Lender's telephone number.................................................................................................... Account number.................................................................................................................... Authorization for Payoff -- should be signed by the borrower/member Vehicle/Vessel Transfer and Reassignment Form (Reg 262) -- Form must be completed by the borrower(s). DMV requires the original form to be completed in ink, free from errors, cross outs and/or white out SECTION 5: Power of Attorney -- Must be signed by the borrower(s)/member(s) appointing Star One CU as the attorney-in-fact. Note: All sections must be completed. If there's a change in ownership, contact a Member Service Representative for details. Transfer Fee* -- $15 (if not financed, should be made payable to Star One CU)
Proof of Insurance -- Borrower/member must submit proof of current full coverage auto insurance
MSR Name ............................................................................
Phone number ...........................................
*DMV USE TAX AND TRANSFER FEE MAY BE FINANCED IF THE MEMBER QUALIFIES. ADDITIONAL FORMS AND FEES MAY BE REQUIRED BY THE DMV.
REFER TO DMV. FOR DETAILS.
revised 08/27/2021
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