Titles

Question 1

Section “B” on the back of a Virginia title is used:

Answer 1

 By a licensed dealer to transfer ownership

Question 2

An original vehicle title:

Answer 2

 Is valid as long as the individual named on the face is the owner.
 Is canceled if a replacement or substitute is issued.

Question 3

Since 1981 the Vehicle Identification Number (VIN) has 17 alphanumeric digits. Which
digit identifies the year of the vehicle?

Answer 3

 The tenth.

Question 4

How do the terms “Mileage” and “Odometer Reading” differ?

Answer 4

 Mileage is how far the vehicle has traveled.

 Odometer Reading is what appears on the vehicle’s dash.

Question 5

If a vehicle is titled in two names with “Or Survivor” after the second name, do both named individuals have to sign the title when transferring ownership? (Yes/No)

Answer 5

 Yes.

Question 6

In Virginia a title showing a lien holder may be transferred if the “Lien Release” section on the face of the title is completed. (T/F)

Answer 6

 True.

Question 7

Section A on the face of the Virginia Title is used:

Answer 7

 To transfer ownership by the vehicle’s owner.

Question 8

What is an “Open Title”?

Answer 8

 One that has been signed by the titled owner leaving blank the information on the buyer.

Question 9

The “Dealer Reassignment” sections on a title are used:

Answer 9

 To transfer ownership

Question 10

When must a dealer secure a title in the name of the dealership:

Answer 10

 When all the reassignments on the supplemental reassignment (Form VAD 20)
have been used.

Question 11

Can a DMV Form 17A, Application for Title and Registration, be used in lieu of the
application on the title? (Y/N)

Answer 11

 Yes.

Question 12

Should a Virginia Dealer use an available reassignment section on another state’s title? (Y/N)

Answer 12

 Yes

Question 13

Maryland has a two-part title. Part 2 is:

Answer 13

 A security interest filing held by the lien-holder.

 A negotiable title when combined with part one.

Question 14

How can a Virginia Dealer secure a lien on a vehicle to be titled in another state?

Answer 14

 Request a non-negotiable title for purposes of recording a lien.

Question 15

What is the current Sales and Use Tax (SUT) on a vehicle?

Answer 15

 4.15% beginning July 1, 2016.

Question 16

What is meant by “E-Lien”?

Answer 16

 A lien recorded on DMV’s database without a paper title issued.
 A paper title is produced when the lien is satisfied and released by the lender.

Question 17

What is a “Title Held”?

Answer 17

 When DMV inputs, into their records, all information on a transfer of a vehicle’s
ownership but does not issue a title.
 Used when the title to be transferred is not available.
 Used to record a lien and transfer ownership within the statutory time limits.

Question 18

A security interest shown on a certificate of title has priority over all other liens except for:

Answer 18

 Garage Keepers and mechanic’s liens to the limit provided by statute.
 Liens for taxes due.

Question 19

When a Virginia title is branded, that brand also appears on a registration card. (T/F)

Answer 19

 True.

Question 20

What is an “E-Title”?

Answer 20

 Ownership only recorded in DMV’s database.
 Only requested at the request of the owner.
 Printed prior to sale or trade.