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Defined as: Deal not consummated; Canceling sale of a new vehicle; Returning to new car status; Clearing a title from the MVC database.
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Stipulations:
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- This is a time sensitive process. MVC's Special Title Unit must receive the paperwork within 30 calendar days of date of issuance listed on the front of the title.
- If the request for cancellation is not within the 30-day limit, MVC will issue a title in the selling dealership's name. Subsequent sale of the vehicle will result in a prefix to the Vehicle Identification Number (VIN), indicating a previous owner.
- If the original dealership on the front of the MCO is not the selling dealership, the originating dealership, subsequently assigned dealership(s), and selling dealership must all provide letters to back out an MCO
- After receiving written confirmation from MVC acknowledging cancellation, the original dealership on the front of the MCO must apply for a duplicate MCO from the manufacturer.
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Required Paperwork:
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- Original Notarized Statement from the originating dealership (if other than the selling dealership) must be as follows:
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On dealership letterhead. |
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Full description of vehicle including year, make, model, and complete vehicle identification number. |
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State the date and mileage the vehicle was signed over to subsequent dealership. |
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Signature of dealership officer. |
- Original Notarized Statement from the selling dealership must be as follows:
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On dealership letterhead. |
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Full description of vehicle including year, make, model, and complete vehicle identification number. |
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State why the sale was not consummated and give the titled owner's name(s). (Financing fell thru, customer changed mind, different vehicle purchased (list that vehicle). |
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State the vehicle never left the dealership, was never driven on any public streets or highways |
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State current mileage on vehicle. (Must be exactly as title reads) |
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Signature of dealership officer. |
- Original Notarized Statement from titled owner(s) as follows:
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On plain paper or owner's stationery if an individual. |
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On business stationery if a company is the titled owner. |
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Full description of vehicle including year, make, model, and complete vehicle identification number. |
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State why the sale was not consummated. (Same reasons as dealer's letter) |
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State the vehicle was not operated by the owner or his/her agent on public streets or highways. |
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Signed by titled owner (no POA accepted) |
- Original Lien Release, if applicable, as follows:
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On lienholder letterhead. |
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Full description of vehicle including year, make, model, and complete vehicle identification number. |
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State the incorrectly titled owner's name(s). |
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State the lienholder has no financial interest in the vehicle. |
| NOTE: The title may reflect satisfaction of the lien in lieu of a lien release letter. |
- Original Lease Cancellation, if applicable, as follows:
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BA-49 form completed on the front in its entirety and signed by a company official. |
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Include lease cancellation date, which must be different from the lease inception date. |
| NOTE: An original letter from the leasing company stating all of the above information may be submitted in lieu of a BA-49 card. |
- Send (notarized) copy of front and back of the original MCO that was submitted. This will help expedite the back-out process
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The original title must be returned for an MCO cancellation showing no prefix. If the title shows a prefix the transaction will be handled as a correction, resulting in a title in the dealership's name rather than an MCO.
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Below are a checklist and template letters related to an MCO Backout. Please contact Title Services at (609) 530-2808 or titles@njcar.org with any questions.
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| Checklist for MCO Backout |
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| MCO Backout Template Letters |
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