Arkansas Federal Odometer Statement With Join

State:
Arkansas
Control #:
AR-00431B
Format:
Word; 
Rich Text
Instant download

Description

The Arkansas Federal Odometer Statement with Join is a vital legal form used during the transfer of ownership of motor vehicles in Arkansas. This document is designed to meet federal and state requirements, ensuring the accurate disclosure of a vehicle's mileage at the time of sale. Key features include sections for the seller's statements regarding odometer readings, including options for indicating if the mileage exceeds mechanical limits or is not actual mileage, along with necessary vehicle information such as make, model, and VIN. Filling out the form requires both the transferor (seller) and transferee (buyer) to input their respective details and signatures. Instructions emphasize the importance of providing truthful information, as false statements can lead to significant consequences, including fines or imprisonment. This form is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants engaged in the sale or purchase of vehicles, as it ensures compliance with legal obligations and protects the interests of all parties involved. The Arkansas Federal Odometer Statement should be notarized to verify the authenticity of the signatures before submission with a title application.
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  • Preview Bill of Sale of Automobile and Odometer Statement for As-Is Sale
  • Preview Bill of Sale of Automobile and Odometer Statement for As-Is Sale

How to fill out Arkansas Bill Of Sale Of Automobile And Odometer Statement For As-Is Sale?

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FAQ

Box one should be used if the vehicle's odometer has ?rolled over.? Years past this was common when most vehicles only had an odometer that went up to 100,000 miles, but nowadays it is very uncommon to use this box. Box two should be used if the odometer is inaccurate.

In Arkansas, the seller of a motor vehicle is required to file a federal odometer statement with the Arkansas Office of Motor Vehicle. The statement must be filed at the time of sale or transfer of ownership of a motor vehicle with a model year of 10 years old or newer.

Federal and State law require that the seller states the mileage in connection with the transfer of ownership. Failure to complete the odometer statement, or providing a false statement, may result in fines and/or imprisonment.

This written disclosure must be signed by the transferor, including the printed name, and shall contain the following information: (1) The odometer reading at the time of the transfer (not to include tenths of miles); (2) The date of the transfer; (3) The transferor's name and current address; (3a) The transferee's ...

Odometer Fraud Laws Committing odometer fraud is a crime. 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.

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Arkansas Federal Odometer Statement With Join