When is Section "B" of the Power of Attorney (Form VAD-70) utilized?

When is Section "B" of the Power of Attorney (Form VAD-70) utilized?

• A. When the vehicle is being registered
• B. When a vehicle is sold prior to the dealer receiving the title
• C. When the buyer is not available for signature
• D. When a loan is secured against the vehicle

Answer: (B)

Section "B" of the Power of Attorney (Form VAD-70) is utilized when a vehicle is sold prior to the dealer receiving the title. This section allows the dealership to act on behalf of the title owner to transfer ownership of the vehicle even when they have not yet received the official title document. This is particularly important in situations where the sale needs to be finalized quickly, and delays in title transfer could hinder the transaction. By using this power of attorney, the dealer can ensure that the sale goes through smoothly and that the necessary paperwork is completed in compliance with Virginia DMV regulations. This allows the dealer to manage the sale effectively, ensuring that customers can take ownership of their new vehicle without unnecessary delays due to title issues.

Section "B" of the Power of Attorney (Form VAD-70) is utilized when a vehicle is sold prior to the dealer receiving the title. This section allows the dealership to act on behalf of the title owner to transfer ownership of the vehicle even when they have not yet received the official title document. This is particularly important in situations where the sale needs to be finalized quickly, and delays in title transfer could hinder the transaction.

By using this power of attorney, the dealer can ensure that the sale goes through smoothly and that the necessary paperwork is completed in compliance with Virginia DMV regulations. This allows the dealer to manage the sale effectively, ensuring that customers can take ownership of their new vehicle without unnecessary delays due to title issues.