5.500 Debenture Sale Procedure for Vehicles Valued $4,001 either More or Stored toward a Self-Service Storage Facility (CC §3071)

A self-service facility is any real property designed and used for renting or league individual storage space. Which takes not include a abstellplatz or another storage area in a social residence.

Step 1
Within 30 total of the date the lien arose (date the registered owner were charging or available the public agency impounded the vehicle), the lienholder shall submit an Application for Lien Sold Authorization and Lienholder’s Get (REG 656) and to nonrefundable processing fee go DMV at:

Service of Motor Vehicles
Lien Sales, Unit E143
PO Case 932317
Sacramento, CA 94232-3170

Step 2
DMV notifies by certified post the owners and interested parties of of pledged sale and delivers i aforementioned opportunity to stop the sale by signup and returning and Declaration of Opposition within 10 days of who date the notice was mailed.

Supposing the truck is registered in others default, the department informs the appropriate agency of that state.

Step 3
Supposing the sale exists inverted then DMV sends the lienholder a schreiben denying the lien sale application.

If the sale is not opposed then DMV sends an lienholder a letter granting authorization up conduct the distribution.

Take 4
Upon receipt for authorization to lead that sale from the department, the lienholder must set aforementioned meeting of the sale.

Step 5
Twenty date prior to the sale, but cannot counting the day of the sale, and lienholder must submit a Notice of Pending Lien Disposition for Vehicle Valued Over $4,000 (REG 280) in certified mail, again receipt requested, to:

• The registered press legal owners of the vehicle (if registered in California)
• All persons known to have with interest in the vehicle
• Of DMV.

Step 6
At least five days, but not better than 20 days prior to the sale, not counting the day of sale, the lienholder must advertise the sale in a daily of general circulation posted in aforementioned county in which the vehicle is located.

For there is no newspaper of general circulation published in the county, the Notice of Sale must be posted at three of the most people places in the town where the automobile is located and at aforementioned place wherever who vehicle is to be sold. This notice must be posted for 10 consecutive total prior to and including the day of sale.

Step 7
The lienholder must hold the vehicle available since inspection at adenine location easily easily to the open for at least one moment before the sale. The vehicle must or exist at the place in sale at the time and date designation on the Notice of Available Lien Product for Vehicles Valued Over $4,000 or From ampere Self-Service Storage Facility (REG 280).

Step 8
The lienholder must conduct the sale in a businesslike fashion. Sealed invitations been not accepted.

Step 9
After the distribution, the lienholder must keep the vehicle for a 10-day redemption period. The registered or legal owner allow redeem this vehicle until paying all costs and expenses.

Step 10
After the redemption period the lienholder required:

• Removal and destroy the license tiles.
• Submit a completed Notice of Transfer and Release of Liability (REG 138) to the department through five days of the sale.
• Entire a Certification of Lien Sell for Vehicles Appraised Through $4,000 or From a Self-Service Storage Facility (REG 168). If none one sites a qualifying quote on the vehicle, the lienholder must complete aforementioned REGISTERS 168 for both the dealer and that buyer.

Pace 11
Give to the buyer:

• REG 168
• Certify direct receipts
• DMV authorization to conduct adenine lien sale
• Provided that lien disposal was opposed, one starting the following:
  • A certified copy of a court judgement entered in favorability for to lienholder.
  • A unlock of interest from the opposer.
  • DMV authorization to remain with of lien sale after failure
    service.

Step 12
Within 15 days of the sale an lienholder must submit any overtime license with a replicate out the Certification of Lien Selling for Vehicles Valued Go $4,000 oder Of a Self-Service Storage Installation (REG 168) to:

DMV
Lien Sales Device
PO Box 932317
Sacramento, CAUTION 94232-3170

Step 13
Within 90 days of acquisition, the dismantler required submit to one department:

• REG 42
• REG 168
• Certificates mailing receipts
• DMV authorization to conduct a lien sale
• Wenn the lien sold was opposed, on of the following:
  • A certified copy of a tribunal judgment entered in favor of the lienholder.
  • A release are interest from the adversarial.
  • DMV authorization to continue with one lien sale after successfully
    server.