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The document is an Odometer Disclosure Statement required by federal and state law, which mandates the disclosure of a vehicle's mileage during ownership transfer. It includes sections for the transferor and transferee to certify the accuracy of the odometer reading, with options to indicate if the mileage exceeds mechanical limits or is not actual mileage. The document requires signatures and personal information from both parties.

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What is the Code of Federal Regulations Title 49 580.5 C and 580.5 F?

5.025 Disclosure Requirements (Code of Federal Regulations Title 49 580.5 (c) and 580.5 (f) Original Signature(s) RequiredOdometer disclosure requires original signatures by the seller(s) and buyer(s); signatures by power of attorney are not acceptable.

What is the federal odometer rule?

The federal government passed a law that requires a written disclosure of the mileage registered on an odometer be provided on the title by the seller to the purchaser when the ownership of a vehicle is transferred.

How do you get a federal 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.

Does an odometer disclosure need to be notarized?

Can Odometer Statements Require Notarization? While specific regulations vary among states, some necessitate submitting notarized odometer disclosure statements and sale/title paperwork.

What does Title 49 of the Code of Federal Regulations regulate?

The Code of Federal Regulations Title 49 contains the codified U.S. Federal laws and regulations that are in effect as of the date of the publication pertaining to all forms of surface transportation and transportation security, including: pipelines; railroads, both passenger and freight railways; waterways; cars,

What is the truth in Mileage Act?

Provides that auction companies selling motor vehicles must maintain records showing: (1) the name of the most recent owner; (2) the vehicle identification number; and (3) the odometer reading on the date the auction company took possession of the vehicle.

Do federal and state laws require a completed odometer disclosure statement?

Federal and state law 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.

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