Okla. Admin. Code § 710:60-5-94 - Transfer affidavit for use when assigned title is lost (OTC Form 777)

(a) When Transfer Affidavit is used. The purpose of the Transfer Affidavit (OTC Form 777) is to transfer a title when the assigned title has been lost and the previous owner cannot get a duplicate title and assign it to the purchaser. It must show the same information requested on the reverse side of the assigned title (assignment of title and reassignment by registered dealer).

(b) Supporting documentation required. The Transfer Affidavit (OTC Form 777) is acceptable only when accompanied by supporting documentation, such as a notarized Bill of Sale, canceled check, Sales Contract or notarized statement of a witness to the transaction.

(c) Determining applicable taxes and fees. If a lien had previously been perfected in the new owner's name, the date on the lien may be used as the date of sale in determining the applicable taxes and fees and whether penalties are due.

Notes

Okla. Admin. Code § 710:60-5-94

Added at 12 Ok Reg 2931, eff 7-14-95; Amended at 13 Ok Reg 3113, eff 7-11-96; Amended at 18 Ok Reg 878, eff 2-23-01 (emergency); Amended at 18 Ok Reg 1340, eff 5-11-01