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Number Plates, The Vehicle Registration Number Retention Scheme Is Changing
by Malcolm Forster
The Vehicle Registration Marks Act recently became law ( 19th July 2007 ) , it was instigated by the CNDA ( Cherished Number Dealer Association ) and was presented by Richard Ottaway MP.It will change the way a vehicle registration number can be retained.
Previously , when private number plates were taken off a car and put on retention using form V778/1 , the applicant would be the registered keeper who would become the Grantee on the V778 retention certificate.The Grantee was able to nominate a third party as Nominee but this person only had one right and that was to assign the number to a vehicle registered in his name.The Grantee was the only person who could extend the certificate, change the nominee or importantly request a duplicate from DVLA.This created a potential fraud situation whereby a retention number could be sold by the grantee who could then request a duplicate ( which supercedes the original ) and the buyer would lose the registration number.Similarly a buyer could pay the seller to put the registration number on retention and never receive the V778 retention certificate as it would be posted out to the Grantee .
Under the new Bill the applicant ( registered keeper ) will be able to nominate a third party to be the Grantee on the V778/1 thereby giving full rights to the buyer including the most important fact that the DVLA will correspond only with them regarding that registration number.Note that registration numbers already on retention will not be able to transferred in this way purely new applications for registrations still on vehicles. Nevertheless this greatly improves the security of the scheme and cuts out a possible fraud situation.
Members of the public wishing to sell their private number plate would now be best advised to keep it on their vehicle until a buyer is found so they can take advantage of this new legislation , especially if they think they may be selling to a cherished number dealer.If they sell the number to someone who wished to put it straight onto a car ,they can still change the nominee to the buyer’s name and the number can quickly be assigned to a vehicle , however if the purchaser wants to keep the number on retention he will be exposed to the potential problems which the old system has always suffered in that he can only assign it to a car regsitered in the Nominee’s name , he cannot extend the certificate, he can’t change the Nominee and the DVLA will not correspond with him.
It is considered a great success that the CNDA has been successful in having a Private Members Bill passed through Parliament with the help of Richard Ottaway MP.
About The Author: Visit us at http://www.northumbrianumbers.com
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Return to the selection of number plates
You may want to try these articles on number plates
Number Plates, A Comparison Of Car Registration Number Systems In Europe. by Malcolm Forster Approximately 864 Words
Number Plates, Is It Worthwhile Insuring Your Personalised Number Plate? by Malcolm Forster Approximately 383 Words
Number Plates, Rules And Regulations Governing Vehicle Number Plates. by Malcolm Forster Approximately 314 Words
Number Plates, Retaining Motorcycle & Car Number Plates by Rami Nseir Approximately 702 Words
Number Plates, Collecting Personalised Car Number Plates by Rami Nseir Approximately 640 Words
Number Plates, Your Personalised Number Plate Explained — Certificate Of Entitlement by Rami Nseir Approximately 646 Words
You may want to try these websites for additional information
http://en.wikipedia.org/wiki/Greek_car_number_plates
http://www.newreg.co.uk/
http://en.wikipedia.org/wiki/Polish_car_number_plates
The information provided in this article is the express opinion of the author. Exchangenet is not responsible for the content!
The Vehicle Registration Marks Act recently became law ( 19th July 2007 ) , it was instigated by the CNDA ( Cherished Number Dealer Association ) and was presented by Richard Ottaway MP.It will change the way a vehicle registration number can be retained.
Previously , when private number plates were taken off a car and put on retention using form V778/1 , the applicant would be the registered keeper who would become the Grantee on the V778 retention certificate.The Grantee was able to nominate a third party as Nominee but this person only had one right and that was to assign the number to a vehicle registered in his name.The Grantee was the only person who could extend the certificate, change the nominee or importantly request a duplicate from DVLA.This created a potential fraud situation whereby a retention number could be sold by the grantee who could then request a duplicate ( which supercedes the original ) and the buyer would lose the registration number.Similarly a buyer could pay the seller to put the registration number on retention and never receive the V778 retention certificate as it would be posted out to the Grantee .
Under the new Bill the applicant ( registered keeper ) will be able to nominate a third party to be the Grantee on the V778/1 thereby giving full rights to the buyer including the most important fact that the DVLA will correspond only with them regarding that registration number.Note that registration numbers already on retention will not be able to transferred in this way purely new applications for registrations still on vehicles. Nevertheless this greatly improves the security of the scheme and cuts out a possible fraud situation.
Members of the public wishing to sell their private number plate would now be best advised to keep it on their vehicle until a buyer is found so they can take advantage of this new legislation , especially if they think they may be selling to a cherished number dealer.If they sell the number to someone who wished to put it straight onto a car ,they can still change the nominee to the buyer’s name and the number can quickly be assigned to a vehicle , however if the purchaser wants to keep the number on retention he will be exposed to the potential problems which the old system has always suffered in that he can only assign it to a car regsitered in the Nominee’s name , he cannot extend the certificate, he can’t change the Nominee and the DVLA will not correspond with him.
It is considered a great success that the CNDA has been successful in having a Private Members Bill passed through Parliament with the help of Richard Ottaway MP.
About The Author: Visit us at http://www.northumbrianumbers.com
These articles on lifestyle and more
Reprint this article free of charge as long as you keep the author's resource box or bio intact and the links active. A copy of the ezine or URL of the page where the article was reprinted emailed to the author would be very much appreciated. number plates
Return to the selection of number plates
You may want to try these articles on number plates
Number Plates, A Comparison Of Car Registration Number Systems In Europe. by Malcolm Forster Approximately 864 Words
Number Plates, Is It Worthwhile Insuring Your Personalised Number Plate? by Malcolm Forster Approximately 383 Words
Number Plates, Rules And Regulations Governing Vehicle Number Plates. by Malcolm Forster Approximately 314 Words
Number Plates, Retaining Motorcycle & Car Number Plates by Rami Nseir Approximately 702 Words
Number Plates, Collecting Personalised Car Number Plates by Rami Nseir Approximately 640 Words
Number Plates, Your Personalised Number Plate Explained — Certificate Of Entitlement by Rami Nseir Approximately 646 Words
You may want to try these websites for additional information
http://en.wikipedia.org/wiki/Greek_car_number_plates
http://www.newreg.co.uk/
http://en.wikipedia.org/wiki/Polish_car_number_plates
The information provided in this article is the express opinion of the author. Exchangenet is not responsible for the content!
