Odometer Disclosure Statement Arkansas With Example

• Category: Bills of Sale - Automobiles
• State: Arkansas
• Control #: AR-00431B
• Format: Word; Rich Text

Description

The Odometer Disclosure Statement for Arkansas is a legal form that must be completed by the seller (transferor) when transferring ownership of a motor vehicle. This form serves to declare the vehicle's odometer reading at the time of sale, ensuring accuracy in reporting mileage. It includes sections to indicate whether the mileage is actual, exceeds mechanical limits, or is not accurate, thus providing essential information to the buyer. Key features of the form include spaces for the vehicle's make, model, VIN, year, and both the seller's and buyer's information. It must be signed by both parties and notarized to ensure legal compliance. The form is crucial for preventing fraud and protects both buyers and sellers in the transaction. Attorneys, partners, owners, associates, paralegals, and legal assistants should utilize this form to facilitate vehicle sales legally and to maintain clear records of ownership transfer. Proper completion of the Odometer Disclosure Statement is vital for obtaining a certificate of title after the sale. An example would be completing the form clearly stating, 'I, John Doe, state that the odometer now reads 45,000 miles,' followed by the relevant vehicle details.