The Power of Attorney form California DMV is a lawful agreement which enables a person to transfer certain rights regarding his or her motor vehicles to another person.
If a person feels the need to ensure the safe and sound future of his or her automobile then he or she may obtain or create this form and hand over the Power of Attorney to somebody loyal.
The person who is given permission to make decisions on the principle’s behalf is known officially as power-in-fact but more generally referred to as the “agent”. Just like with the other types of the Power of Attorney California.
Since personal transport is licensed separately in each state the California governing board for motor vehicles has standardized what can and cannot be claimed on a POA for DMV and how best to successfully set this document up.
An agent gets the right with this form to make or refuse decisions regarding any vehicular property of the principle. This is the key element. He may put up for rent and negotiate charges of the vehicles with any client in California.
The subject’s car can also be sold by the agent if he is provided that authority in the agreement. There is no bar on expanding his contacts and even starting a new legally approved business with the principle’s car. He may even decide to go about servicing and performing certain changes with the car’s features.
This form specifies the auto insurance policy and safety securities imposed on the vehicle would also be delegated to the agent. This makes the agent liable to receive and alter the whole amount insured on principle’s vehicle when it is subjected to severe damage cases.
But according to car insurance policy this form would allow agent to get the whole amount only in the absence of the principle. If the principle already has an automobile business, for example runs buses and trucks across the city, then he would need to apply for this Power of Attorney form California DMV under the special category.
In case of he death of the principle, the Power of Attorney would be rescinded immediately from the agent. A person may also sign up to two agents, but only the primary agent would be applicable to take actions according to this form. The secondary agent might be passed on the power if the first nominee becomes incapable or otherwise cannot fulfill their obligation.
The application procedure is very simple and every adult (18 years old or older) who owns at least one motor vehicle is eligible to apply.
This form specifically can be downloaded from the Internet while other versions of the Power of Attorney can have stipulation to cover both commercial and private vehicles. Event the Financial Power of Attorney form California or the General Durable Power of Attorney for California can be used and in the presence of an authoritarian officer for statutory regulation the agreement needs to be signed. Along with the in-person acquisition of the agent two witnesses are required. The form should be attested by some public notary who are widely available.
Once this agreement is fulfilled the original copy of the form should be kept in a safe place with the principle so as to avoid any forgery. Photocopies are to be placed with the agent always and it may be asked for as a license while making legal decisions regarding the motor vehicles owned by the donor.