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The document is an Odometer Disclosure Statement required for leased vehicles, outlining the legal obligation of the lessee to disclose the vehicle's mileage when transferring ownership. It includes instructions for submission, certification options regarding the odometer reading, and a warning about penalties for false statements. The form must be completed accurately without alterations.

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Do I need an odometer disclosure statement in TN?

PURPOSE: Federal and state law require both seller (transferor) and buyer (transferee) to accurately state the mileage of any used motor vehicle, with a manufacture year of 2011 or newer, in connection with the transfer of ownership whether sale, trade-in or exchange.

What is an example of an odometer statement?

1. I hereby certify that, to the best of my knowledge, the above-listed odometer reading reflects the actual mileage of the vehicle described below. 2. I hereby certify that, to the best of my knowledge, the above-listed odometer reading reflects the amount of mileage in excess of its mechanical limits.

Who keeps the odometer disclosure statement?

Section 580.8(a) requires motor vehicle dealers and distributors, who are required to issue an odometer disclosure, to retain copies of each odometer statement they issue and receive for five years.

Do I need an odometer disclosure statement in NY?

For motor vehicles manufactured in or after the 2011 model year that are 20 model years old or newer, the seller must complete the odometer disclosure statement on the back of the title certificate.

What is the odometer statement for a lease return?

An odometer disclosure statement is a federally required form used to verify a leased vehicles mileage at the end of the term. This is typically needed when you return, purchase, or trade a leased vehicle. You can download our odometer statement using the following link: Odometer disclosure statement (leased vehicle).

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Do I need an odometer disclosure statement in Massachusetts?

Federal law requires you to share the odometer mileage in conjunction with the transfer of ownership. Failure to complete or provide a false statement may result in fines and/or imprisonment.

How to obtain an odometer statement?

How to Obtain an Odometer Disclosure Statement. Every state requires some form of odometer disclosure statement. You can visit your state Department of Motor Vehicles (DMV) website for specific details about where you live. Some states use a federal form for the statement, and others have their own unique templates.

Do I need an odometer disclosure statement in IL?

Illinois law requires mileage disclosure for all vehicles. Exceptions include: vehicle weight of more than 16,000 pounds; vehicles 10 years old or older; vehicles that are not self-propelled; and vehicles manufactured without an odometer.