What form initiates the lien sale process?

The initiation of the lien sale process is formally done through a specific notice that signals the start of this procedure. The correct form used for this purpose is the REG 168A, which is the Notice of Pending Lien Sale. This document serves as an essential notification to interested parties, including the vehicle owner or any lienholders, that an impending sale is being planned due to the outstanding lien.

The REG 168A is crucial because it provides due process to vehicle owners, allowing them the opportunity to respond or settle the lien before the vehicle goes up for sale. It effectively communicates the intent of the dealership or lienholder to take action regarding the unpaid lien, ensuring transparency in the process.

In contrast, the other forms listed do not trigger the lien sale process. For instance, the REG 123B is related to auction notifications, while FORM 365 is an application form that deals with various lien sale applications but does not initiate the process itself. REG 550 pertains to vehicle sale authorizations, which is also unrelated to initiating a lien sale. Understanding the function of each specific form helps clarify the overall lien sale process and reinforces the importance of the REG 168A as the document that effectively starts the procedure.