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062-06 Acceptable Documentation for Transfers Involving D. L. Peterson Trust as Purchaser or Seller

Registration and Title Bulletin - #062-06

Date: October 6, 2006

To: All County Tax Assessor-Collectors

Subject: Acceptable Documentation for Transfers Involving D. L. Peterson Trust as Purchaser or Seller

Attachment

These documents contain text of correspondence sent by TxDOT to the county tax assessor-collectors, statutory agents who provide vehicle registration and titling services for citizens in Texas. This information is provided to apprise the general public of issues affecting the state's vehicle titling and registration process.

PURPOSE

To expand on the existing policy that allows an authorized agent of D. L. Peterson Trust's service provider or their designated power of attorney to transfer title of a motor vehicle into or out of the name of the trust. This is a supplement to RTB #106-00.

DETAILS

PHH Vehicle Management Services, L.L.C., is an appointed trustee and the service provider of the D. L. Peterson Trust. PHH Vehicle Management Services, L.L.C., has executed a Statement of Trust, dated March 9, 2006, that allows them to carry out the day-to-day transactions involving lease agreements under which the D. L. Peterson Trust is the lessor and owner of the leased vehicles and to record Chesapeake Funding L.L.C. as the lienholder.

A copy of the excerpt from the D. L. Peterson Trust Servicing Agreement provided with RTB #106-00 or a copy of the attached Statement of Trust is acceptable to support title transactions indicating the trust as the purchaser or seller. The spaces for the seller's or purchaser's signature on the assignment of title and Form 130-U, when applicable, should be completed as follows:

D. L. Peterson Trust
__________________________________
Signature of Seller or Purchaser/Agent
For PHH Vehicle Management Services, L.L.C.

If PHH Vehicle Management Services, L.L.C., designates a power of attorney (POA), the transaction must also include a POA with an original signature or a certified (notarized) copy of the original POA.

CONTACT

If you have any questions or need any additional information, please contact your local Vehicle Titles and Registration Division Regional Office.

In some cases the Registration and Title Bulletins (RTB) contain attachments. If you require a copy of the original signed RTB and the attachments, please e-mail us and include the RTB number. Repeat requests are subject to charges in accordance with Open Record policies. A subscription service is also available for an annual fee of $250. Subscribers will automatically

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