DMV/VERIFI Tip of the Week, #115 - Avoiding VERIFI Errors

DMV/VERIFI Tip of the Week, #115

Date: 9/6/2024

Avoiding VERIFI Errors

To avoid entry and transaction processing errors and avoid enforcement proceedings, dealers must follow this list of VERIFI requirements.

1. Validation Errors – Dealers are required to have all relevant documents in hand upon transferring a vehicle in VERIFI. Confirm that all paperwork is for the correct vehicle before transferring a vehicle and submitting the application for processing. ENSURE NO VIN TYPOS.
   
   
2. Insurance Validation – Dealers are required to have a valid insurance card effective on the date the vehicle is transferred in VERIFI, or effective prior to transfer date. Dealers must make certain that they have entered the correct date of insurance. Failure to do so can have catastrophic and long-term consequences for consumers if it results in an insurance lapse.
   
   
3. Active Inventory Maintenance – Dealers are responsible for maintaining an accurate and current inventory in VERIFI of the vehicles they have purchased and sold. Vehicles sold but unaccounted for in VERIFI (typically when a secure paper MV-50 is used) will remain as AVAILABLE in a dealer’s active inventory despite already being sold. Failure to maintain accurate vehicle inventory records may lead to enforcement action.
   
   
4. Secure Paper MV-50s – Dealers must account for all secure paper MV-50s. Dealers must enter secure paper MV-50s on the day issued, and prior to the application processed date. If this is not possible, dealers must use the Exceptions Log to account for secure paper MV-50s. Inaccurate status entries of secure paper MV-50s, such as Void instead of Issued, will delay book replacement, and may lead to enforcement action.