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Question 1 of 2
1. Question
Dealers should not submit voided Wholesale Report of Sale (REG 396) forms to the DMV. They should complete a Statement of Facts (REG 256) stating the circumstances of the error (void).
CorrectIncorrectHint
Do not submit voided Wholesale Report of Sale (REG 396) forms to the department. Complete a Statement of Facts (REG 256) stating the circumstances of the error (void) and keep it and the voided copy with your records for a minimum of four years.
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Question 2 of 2
2. Question
Dealer must report sales of vehicles sold to other dealers, auto auctions, dismantlers, steel mills, and scrap metal processors on a _______ form.
CorrectIncorrectHint
Dealers and lessor-retailers must report sales of vehicles sold to other California dealers, out-of-state dealers, auto auctions, dismantlers, steel mills, and scrap metal processors on a Wholesale Report of Sale (REG 396).