Odometer Disclosure Statement Arkansas Ford Lease

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

Description

The Odometer Disclosure Statement for Arkansas Ford Lease is a vital document used during the transfer of a motor vehicle, ensuring compliance with both federal and state laws regarding odometer readings. This statement requires the seller to disclose the current odometer reading and certify its accuracy, offering clear options for sellers' disclosures regarding mileage discrepancies. It's essential for maintaining transparency and protecting against potential fraud in vehicle sales. The form includes spaces for both the transferor's and transferee's information to ensure that all parties are clearly identified, and it mandates the presence of a notary public to validate the document. This statement is particularly relevant for attorneys, partners, owners, associates, paralegals, and legal assistants who deal with motor vehicle transactions, as it provides legal protection and ensures lawful compliance. For effective use, parties must fill in all required fields accurately, sign where indicated, and submit the original document alongside the application for a certificate of title. The document is straightforward and accessible, reducing the likelihood of legal disputes stemming from false odometer readings.
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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?

How to obtain professional legal documents that adhere to your state's regulations and prepare the Odometer Disclosure Statement for Arkansas Ford Lease without consulting an attorney.

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FAQ

An odometer disclosure statement declares the mileage on your vehicle. They are required when buying a new car or selling a used one. You'll typically need to fill out an odometer disclosure statement to declare mileage on any vehicle that's less than 10 years old.

An Odometer Disclosure Statement is a legally binding document that provides an accurate mileage on the odometer at the time the car changes hands from the seller to the purchaser. And if the mileage is known to be incorrect, it must be indicated on the statement.

Odometer Statement. Under federal guidelines, vehicles less than 20 years old must have a fully completed odometer disclosure statement signed by both the buyer and the seller.

An Odometer Disclosure Statement is a legally binding document that provides an accurate mileage on the odometer at the time the car changes hands from the seller to the purchaser. And if the mileage is known to be incorrect, it must be indicated on the statement.

An Arkansas motor vehicle bill of sale (Form 10-313) is a document that serves as legal proof that a motor vehicle has transferred ownership. The form conveniently includes an odometer disclosure statement which is usually separate. New owners must furnish a legal bill of sale in order to register the vehicle.

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Odometer Disclosure Statement Arkansas Ford Lease