Odometer Disclosure Statement

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Commonly Asked Questions about Odometer Disclosure Statement

What is an example of an odometer disclosure statement?

I hereby docHub that to the best of my knowledge the odometer reading reflects the amount of mileage in excess of its mechanical limits. 2. I hereby docHub that the odometer reading is NOT the actual mileage and should not be relied upon. WARNING - ODOMETER DISCREPANCY.

What is an odometer disclosure statement in IL?

The Odometer Disclosure Statement is a legal document designed to record and declare the accurate mileage of a vehicle during a change of ownership. This form is particularly crucial for vehicles that are less than 10 years old and is mandated by federal law in the United States.

What vehicles are subject to federal odometer disclosure?

Due to a federal rule change by NHTSA late last year, beginning January 1, 2021 odometer disclosures will be required for every sale or transfer for the first 20 years of a vehicles life, as opposed to the first 10 years as it is today. This change will only apply to Model Year 2011 and newer vehicles.

What does the date of an odometer statement mean?

The odometer disclosure statement is a document that is required to be given to the buyer of a used car. The statement must include the odometer reading of the car, the date of the reading, and the name of the person who read the odometer.

Who fills out an odometer statement?

The transferee, when applying for a title, is required to provide the transferors (sellers) title, and if that title contains a space for the ( print page 52667) transferor to disclose the vehicles mileage, that information must be included, and the statement must be signed and dated by the transferor.

What is an odometer disclosure statement in NJ?

An odometer disclosure statement is a legal document that states the accurate mileage on a vehicles odometer at the time of transfer from the seller to the buyer.

Do I need an odometer disclosure statement in Illinois?

For the state of Illinois, beginning Jan. 1, 2021, any vehicle that is 11 model years or newer shall require either a secured power of attorney OR a surrendered certificate of title/certificate of origin with the odometer disclosure form completed.