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The Truth in Mileage Act (TIMA) is a federal law that requires the seller of a motor vehicle to provide an odometer disclosure to the buyer at the time of sale or transfer of ownership. The buyer must sign in acknowledgment of the mileage disclosed.
An odometer disclosure statement is required on all transfers of ownership as required by RCW 46.12. 124 and Title 49 of the Code of Federal Regulations (C.F.R.), unless specifically exempted.
Federal law (and State law if applicable) requires 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 Sign Your Title in North Carolina (NC) Wait to sign until you are before a Notary. Back of the title top right - sign name(s) on the line where it reads "Seller(s) Signature(s)." Back of the title right below where you signed name(s) - print name(s) on the line where it reads "Seller(s) Hand Printed Name(s)."
Vehicle/Vessel Transfer and Reassignment Form (REG 262) These are important sections to complete, as they legally establish the vehicle's mileage and ownership trail. Odometer disclosure is mandatory on vehicles less than 10 model years old.
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I, (seller's printed name) _____________________________________________________________ state that the odometer now reads (miles, no tenths) ______________ miles and to the best of my knowledge that it reflects the actual mileage of the vehicle described above, unless one of the following statements is checked.
There are 8 ways to obtain a vehicle's mileage reading without an odometer: Odometer scan tool. Online telematics such as OnStar app. Mileage data from vehicle key memory. Dealership service department. State title and odometer report from DMV. Using a vehicle history report. Maintenance records. Advanced technical measures.
A vehicle's odometer reading is one of the key factors in determining what that vehicle is worth, as it indicates the number of miles a vehicle has traveled. A vehicle with high mileage is worth less than a vehicle with low mileage.
Whether you need to correct the mileage on a car title because of a mistake or as a result of odometer tampering, your local DMV will help you move forward. Make sure you correct the title accurately and fill out the appropriate paperwork.
Odometer Disclosure Statement (MVR-180): Seller shall disclose the mileage to the buyer in writing on the application with signatures and hand printed name. If a vehicle is 10 years old and older, odometer reading is not required.

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