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Frequently Asked Questions (F.A.Q.)
26.2 “Unwind”, Void/Canceled Used Vehicle Report of Sale
When the Used Vehicle Report of Sale (REG 51) must be voided because the sale was not consummated and the buyer did not take delivery:
Mark all parts of the REG 51 “Void”
Complete a Statement of Facts (REG 256) stating the circumstances and that the vehicle did not leave your possession and was not operated on the Temporary I.D. part of the REG 51.
Retain all copies of the REG 51 and REG 256 in case of a later audit.
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