Arkansas Federal Odometer Statement With Lien

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

Description

The Arkansas federal odometer statement with lien is a crucial legal document used during the transfer of vehicle ownership, ensuring compliance with federal law regarding odometer readings. This form requires sellers to disclose the current mileage of the vehicle and affirms that the reported figure reflects actual mileage unless otherwise stated. It includes sections for both buyer and seller information, as well as a notarial section for validation. The statement is vital for confirming that the seller owns the vehicle free from any liens or claims. Users must accurately complete the form and have it notarized to avoid potential legal repercussions, including fines for incorrect disclosures. This form is especially useful for attorneys, partners, owners, associates, paralegals, and legal assistants in facilitating smooth vehicle transfers and ensuring all legal requirements are met. Given its role in preventing fraud and protecting both parties in a transaction, understanding this form is essential for any legal professional involved in automotive sales.
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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

What You'll Need to Do to Transfer your Vehicle Title in Arkansas Visit any DMV office near you. Obtain the vehicle title from the seller and sign and date as the ?buyer." Make sure the seller has also signed and dated the title and filled in the bill of sale and odometer sections, if required.

(c) In the case of a violation, the department shall terminate the suspension upon payment by the owner of the motor vehicle of a reinstatement fee of one hundred dollars ($100) and submission of proof of current insurance as verified through the online insurance verification system.

In order to get the title to transfer to the new owner you will need to following documents and information: Completed Arkansas title with the sellers and buyers names printed, signed and dated on all required areas. Vehicle Identification Number. Bill of sale. Proof of insurance. Federal odometer statement.

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.

How to Fill in the Vehicle Bill of Sale Section 1. Vehicle Identification Number (VIN) Section 2. Buyer's Name. ... Section 3. Seller's Information. ... Section 4. In an Individual ? Dealer/Seller's Name, Address, City, State, and Zip. Section 5. Purchase Date. Section 6. Description of Vehicle including. Make. ... Section 7.

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Arkansas Federal Odometer Statement With Lien