Colorado residents selling their vehicles may now voluntarily report an ownership transfer to the Division of Motor Vehicles.
Effective with the start of the new year, a person transferring ownership of a vehicle may voluntarily notify the Division of Motor Vehicles within five days of transfer of ownership at mydmv.colorado.gov by selecting the "report release of liability" link under vehicle services. Transfers can also be made in person at a county motor vehicle office.
The transfer notification removes the seller's liability for the buyer's actions involving the vehicle after the sale is complete. Information entered into this system is available to law enforcement agencies.
This process supplements the existing vehicle sales process, and provides additional protection for individuals selling their vehicles. Vehicle owners are still required to sign their title over to the new vehicle owner. Sellers should also remove their license plates before completing a motor vehicle sale.
This new service is one of 35 services available at mydmv.colorado.gov. Other available services include vehicle registration renewal, driver license renewal and the ability to request personalized license plates.