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Damage Disclosure Def mitions Flood Vehicle-A motor vehicle that has been submerged or partially submerged in water in the extent that damage to the body engine transmission or differential has occurred. Non-U.S.A. Reconstructed Vehicle-A motor vehicle of a type required to be registered hereunder that has been materially altered from original construction due to removal addition or substitution of new or used essential parts and includes glider kits and custom assembled vehicles. Fair market...
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Damage disclosure statement is a document that provides information about any damages or issues that a vehicle may have.
The seller or transferor of a vehicle is typically required to file a damage disclosure statement.
To fill out a damage disclosure statement, the seller must provide details about any known damages or issues with the vehicle.
The purpose of a damage disclosure statement is to inform the buyer about any existing damages or issues with the vehicle before they make a purchase.
Information such as the type of damage, extent of damage, and any repairs or modifications made to the vehicle must be reported on a damage disclosure statement.
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