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ODOMETER DISCLOSURE STATEMENT Federal and State law require that you state the mileage upon transfer of ownership. Failure to complete or providing a false statement may result in fines and/or imprisonment.

How to fill out odometer disclosure statement

How to fill out an odometer disclosure statement:

1. Obtain the necessary form: Begin by obtaining the required odometer disclosure statement form from your local department of motor vehicles (DMV) or the relevant authority in your country. This form is typically provided when buying or selling a vehicle.
2. Provide vehicle information: Fill out the form with accurate vehicle information. Include details such as the make, model, year, vehicle identification number (VIN), license plate number, and current odometer reading.
3. Seller information: Provide your personal details as the seller, including your full name, address, and contact information. Make sure to double-check the accuracy of this information.
4. Buyer information: If you are the buyer, fill in your full name, address, and contact information in the designated sections. Ensure that all details are correctly entered.
5. Odometer reading: Record the current odometer reading accurately. Be careful not to round up or down the figure, as it must be precise.
6. Seller's disclosure: On the form, the seller is required to disclose whether the odometer reading is accurate or if it reflects the actual mileage of the vehicle. Depending on your jurisdiction, you may need to check a box or provide an explanation if the odometer reading is not accurate.
7. Seller's certification: The seller must sign the statement, certifying that the information provided is true and accurate to the best of their knowledge. This signature is a legal affirmation of the disclosure.
8. Buyer's acknowledgment: If you are the buyer, you will need to acknowledge the disclosure by signing the statement as well. This signature confirms that you have received and understood the information provided by the seller.
9. Notary acknowledgment: In some cases, the odometer disclosure statement may require notarization. If this is required, ensure that you have the form notarized by a licensed notary public.

Who needs an odometer disclosure statement:

1. Private vehicle sellers: When selling a vehicle privately, the seller is typically required to provide an odometer disclosure statement. This declaration is essential for ensuring transparency and preventing odometer fraud.
2. Vehicle buyers: Odometer disclosure statements are also relevant to vehicle buyers as they provide crucial information about the vehicle's mileage history. Buyers should carefully review the disclosure statement to verify the accuracy of the odometer reading.
3. Auto dealerships: Auto dealerships often handle the paperwork and documentation related to vehicle sales. They also require odometer disclosure statements to maintain legal compliance and safeguard against fraudulent activities.
4. Financial institutions: Banks, credit unions, and other financial institutions may require an odometer disclosure statement when financing a vehicle purchase. This helps protect their interests and verify the accuracy of the vehicle's mileage.
5. Government agencies: Government agencies responsible for motor vehicle registrations and titles often require an odometer disclosure statement as part of the documentation process. This ensures accuracy and transparency in official records.

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What is odometer disclosure statement?

The odometer disclosure statement is a form that provides a record of a vehicle's mileage at the time of sale or transfer.

Who is required to file odometer disclosure statement?

Anyone selling or transferring ownership of a vehicle with an odometer reading is required to file the odometer disclosure statement.

How to fill out odometer disclosure statement?

To fill out the odometer disclosure statement, you will need to provide information such as the vehicle's mileage, VIN number, and signature of the seller and buyer.

What is the purpose of odometer disclosure statement?

The purpose of the odometer disclosure statement is to prevent odometer fraud by ensuring the accuracy of a vehicle's mileage at the time of sale or transfer.

What information must be reported on odometer disclosure statement?

The odometer disclosure statement must include the vehicle's mileage, VIN number, seller's name and address, buyer's name and address, date of sale, and signatures of both parties.