Odometer Disclosure Statement Alabama With Lienholder

State:
Alabama
Control #:
AL-00431
Format:
Word; 
Rich Text
Instant download

Description

The Odometer Disclosure Statement Alabama with Lienholder is a vital legal document required during the transfer of vehicle ownership. This form mandates sellers to accurately disclose the vehicle's mileage at the time of sale, ensuring compliance with federal and state regulations. Key features include sections for the seller's information, vehicle details such as make, model, VIN, and the exact mileage reading. Additionally, the form includes options for noting if the odometer may not reflect actual mileage, which can mitigate potential legal consequences for false reporting. The document must be completed by the seller and signed by both the seller and the buyer, and should be notarized to validate its authenticity. Attorneys, partners, and legal staff can utilize this form to protect clients during vehicle transactions, particularly when a lienholder is involved, ensuring all disclosures are properly recorded. Paralegals and legal assistants play a crucial role in assisting clients in filling out these forms accurately, while maintaining compliance with local laws. The information on this form is also essential in resolving future disputes regarding vehicle ownership.
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How to fill out Alabama Bill Of Sale Of Automobile And Odometer Statement?

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FAQ

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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.

Odometer not certified legend would commonly be reflected on a title when the transaction did not involve a transfer, and therefore, the mileage is not required to be certified. For example, someone moving to Alabama from another state and completing an application for title and registration.

To correct an error in a title assignment, the MVT 5-7 Affidavit to Correct an Assignment on a Certificate of Title must be completed and submitted with the title application. See Administrative Rule: 810-5-75-. 39 Corrections to Title Documents, for more details.

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.

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Odometer Disclosure Statement Alabama With Lienholder