Understanding ODO Discrepancy RS 262
what does odo discrepancy rs 262 mean?
Understanding Odo Discrepancy R/S 262
The term "Odo discrepancy R/S 262" refers to a situation where there is a mismatch between the mileage recorded on the Repair/Service (R/S) document and that on the REG 262 form, which typically represents vehicle registration or title information. This article outlines how to address these discrepancies effectively.
Identifying Mileage Mismatches
If you find that:
- The R/S document shows incorrect mileage but the REG 262 has accurate readings, you will need to send in the paperwork for processing to correct it.
- The R/S is correct but there's an error with the REG 262's mileage, you can obtain a new REG 262 that matches your R/S and e-file it without issues.
Attempting to e-file when these mileages do not match may result in a D442 error, necessitating further processing steps.
Special Considerations for Older Vehicles
If you're dealing with a vehicle from 2008 or older with no recorded odometer reading, note that since it is now over 20 years old, strict odometer disclosure requirements may not apply. If the title was issued without an odometer reading and you're planning to auction this vehicle, follow these specific steps:
Transferring Ownership Without Seller Disclosure
If obtaining the seller's disclosure isn't possible (as seems to be your case), disclose current odometer mileage using either:
- A complying title
- A Vehicle/Vessel Transfer and Reassignment Form (REG 262)
You should also complete a Statement of Facts (REG 256) form explaining why you couldn't get the original seller’s odometer disclosure. This practice helps subsequent buyers acknowledge and record current mileage accurately during their transaction.
Using The REG 262 Form Effectively
The completed REG 262 form should suffice for processing without requiring additional suspense or correction procedures at this point. You can sign for the Lessor on this form as well; doing so allows you to e-file with accurate mileage listed in Section III of REG 262 where both buyer and seller agree on reported miles.