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The National Motor Vehicle Title Information System (NMVTIS) is an electronic system that gives valuable information about a vehicle's condition and history. NMVTIS allows consumers to find vehicle information such as title data, most recent odometer reading, history of make and model, and theft records, [1] but not maintenance or repair history or information about manufacturer recalls. [2]
The first act regulating the use of automobiles for safety reasons in California was established by the Vehicle Act of 1915. [6] The provisions of the first Vehicle Act relating to the department went into effect 90 days after the close of that legislative session. The department of Motor Vehicles was within the Department of Finance in 1921.
When a car is sold from one owner to another, the title must be transferred to the new owner. This is achieved by requesting approval by the state DMV. When the vehicle title is lost, the owner on record may replace the lost title by completing an application with the state that issued the current title.
The consumers' price will be equal to the producers' price plus the cost of the tax. Since consumers will buy less at the higher consumer price (Pc) and producers will sell less at a lower producer price (Pp), the quantity sold will fall from Qe to Qt. Diagram illustrating taxes effect
The vast majority of vehicles registered in California are via third party transactions, where the vehicle is sold from one entity to another, without the use of a dealership. The registration of vehicles sold in this manner is done through local DMV branches or through the use of independent "Registration Service Providers".
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The Mega Millions jackpot winner could either take the cash payout of $549.7 million or the $1.22 billion annuity paid out over 30 years.
One Mega Millions ticket sold in California has just won Friday’s estimated $1.15 billion jackpot – believed to be the fifth-largest prize in the history of the game, the lottery says.