COLORADO TITLES
What side of the title is the Buyer's side on?
What inspection is required on all OOS titles unless it's salvage?
VIN Inspection
What is another acronym for MSO?
MCO
What year of vehicle do we start requiring odometer?
2011
What ownership document do we usually see leases on?
MSOs
What does JTWROS stand for?
Joint Tenancy with Rights of Survivorship
Do we reject paperwork back to the OOS dealer is the VIN inspection is not included?
No
If the odometer is over 1500, what does the dealer need to do?
Dealer Resale Title
What food is a tool we use to remember odometer requirements?
Sushi
What is the lease called when no money was due at signing?
Sign and Drive
What is required for a lien release on the front of the title?
Lender's printed name, Signature of agent, Date
The first assignment does not need to be completed
Which assignments can be voided on an MSO?
All
What form can we use to fix an error in the odometer box?
No form. Duplicate is required
What form number is the sales tax receipt for leases?
DR0026
What extra section is added to a Salvage Colorado Title?
Signature and date on the front of the title
What extra step is required on all assignments on a Kansas title?
Yes or No for if the vehicle has a lien
Is a VIN inspection required for an MSO coming from OOS?
No
When is exempt required to be written in the odometer box?
When the title has an odometer reading on the front and the new customer wants it to be exempt
What account does a leasing company need to lease a car in Colorado?
440 Account
What does the back of the title say at the very bottom after the last assignment?
NO ADDITIONAL REASSIGNMENTS PERMITTED
Name 3 out of 6 states that require a notary
Kentucky, North Carolina, Oklahoma, Ohio, Pennsylvania, Wyoming
What do we do if the customer has an MSO for a kit trailer?
In Lieu of Bond
List 4 out of the 8 things in odometer sushi
Secure Form, Printed name of seller, Signature of seller, Printed name of buyer, Signature of Buyer, Date, Odo reading. Odo Indicator
What are the 3 types of leases?
Standard, One-Pay, Sign and Drive