How to Handle a Rollback Auction

Managing a rollback auction can be straightforward if you follow the right steps. This guide will help you understand how to create a Used RS and efile it as a prior rollback, ensuring that you avoid any potential issues.

Step 1: Create a Used RS

The first step in handling your rollback auction is to create a Used RS (Reassignment Statement). This document is essential for processing the title correctly and should include all necessary details about the vehicle.

Required Information for Used RS

• Vehicle Identification Number (VIN): Ensure this number is accurate as it uniquely identifies your vehicle.
• Mileage: Record the current mileage of the vehicle at the time of reassignment.
• Selling Price: Include the selling price or estimated value during this transaction.
• Date of Transaction: Document when this reassignment takes place.

Step 2: Efile as Prior Rollback

Once you've created your Used RS, it's crucial to efile it categorically as a prior rollback. Filing correctly helps prevent complications later on, such as receiving D441 notices when attempting resubmission without proper documentation.

Avoiding Common Issues

If you do not file your Used RS appropriately, there could be significant repercussions including delays or additional paperwork requirements from regulatory bodies. Always double-check that all information is correct before submission!

Your Next Steps with Dealer Name Title Return

If you need assistance with sending back the dealer name title to auction, please gather and provide me with specific details related to this process. The more information we have, such as dealership contact info and relevant dates, the smoother our next steps will be.

Please Provide Details Including:

• Name of Dealer/Dealership
• Email Address or Contact Number for Communication
• Date You Wish To Send Back Title By

This structured approach ensures clarity in communication and efficiency in processing transactions related to rollback auctions. Should you have further questions or require additional support throughout this process, feel