Nc mvr 2 dealer s reassignment of title 2025

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For a title transfer, the information on the back of the original title must be completed by both the original owner and the recipient. If the original title is a North Carolina title, it must also be notarized.​ For out-of-state titles, NCDMV will recognize that states requirements.
The MVR2 form is a critical document issued by the Department of Infrastructure for the purpose of officially changing the ownership of a vehicle and/or updating its registration while continuing the current license.
Odometer Disclosure: The federal law requires you to provide an accurate odometer reading at the time of sale. Youll need to complete the Odometer Disclosure Statement on the back of the title or on a separate form (Form MVR-180) available from the North Carolina Division of Motor Vehicles (DMV) office.
If a new car has been damaged more than the five percent threshold, the North Carolina Automobile Dealers Association recommends that its dealers disclose it in writing on company letterhead. A copy of this disclosure should be submitted along with the title to the Division of Motor Vehicles.
A Damage Disclosure Statement (Form MVR 181) is a legal document used to record and disclose the condition of a vehicle during its sale or transfer. It outlines the vehicles condition and serves as a declaration for the buyer.
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A motor vehicle dealer purchasing the vehicle does not have to re-title the vehicle. This is considered a sale for resale. Vehicle sales for resale between licensed dealers are referred to as reassignments.
If the vehicle is less than 10 years old, you must supply an odometer disclosure statement signed by the seller and the buyer. A Damage Disclosure Statement (MVR-181) is required. If purchased from a NC resident, the owner has to have the vehicle inspected in North Carolina prior to a license plate being issued.
This form is required for transferring vehicle ownership in North Carolina. It ensures that the odometer reading is accurately reported upon sale. Utilizing this form helps prevent potential legal issues related to odometer fraud.

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