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The Federal Truth in Mileage Act of 1986, requires that you (the transferor) state the mileage in connection with the transfer of ownership. Failure to complete or providing a false statement may result in fines and/or imprisonment.
The date the odometer is certified. The vehicle's year, make, model number. The Vehicle Identification Number (VIN) The accurate mileage at the time of the date of odometer certification.
1. A vehicle that is less than 10 model years old, without any odometer discrepancy, will reflect Actual Mileage. 2. A vehicle that is 10 model years or older, will reflect Exempt from Disclosure.
I you have a odometer that only has 5 places for numbers the highest mileage it can record is 99,999. SO when it goes past 99,999 it goes back to 00,000 at that point it has surpassed it's mechanical ability to record accurate mileage.
Actual (A) - The exact distance the vehicle has traveled (accrued mileage) as displayed on the odometer, whether in miles or kilometers. Not Actual (N) - The exact distance the vehicle has traveled is unknown. The reading that displays on the odometer does not reflect the actual mileage and should not be relied on.