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MVD-10187 REV. 07/12 New Mexico Taxation & Revenue Department, Motor Vehicle Division ODOMETER DISCLOSURE STATEMENT Federal and state law requires the transferor (seller) of a vehicle to state the
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What is federal and state law?
Federal laws are passed by Congress and apply to the entire country. State laws are passed by state legislatures and only apply within that specific state.
Who is required to file federal and state law?
Individuals, businesses, and organizations who are subject to specific federal or state laws are required to file reports and comply with regulations.
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Filing federal and state law typically involves completing the necessary forms and providing accurate information as required by the respective laws.
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The purpose of federal and state laws is to regulate behavior, protect rights, and ensure justice and fairness for all individuals and entities within the jurisdiction.
What information must be reported on federal and state law?
The information required to be reported on federal and state law varies depending on the specific law or regulation, but generally includes identification details, financial information, and compliance records.
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