Odometer Disclosure Statement Arkansas Form Bmv 3724

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

Description

The Odometer Disclosure Statement Arkansas Form BMV 3724 is a legal document required during the sale or transfer of a vehicle to disclose the accurate odometer reading. This form ensures compliance with federal law and Arkansas state law by making it mandatory to report the mileage at the time of ownership transfer. Key features include sections where the transferor (seller) certifies the odometer reading, acknowledges its accuracy or notes any discrepancies. Users must fill out information regarding vehicle details, such as make, model, VIN, and year, along with the names and addresses of both the transferor and transferee. Attorneys, partners, owners, associates, paralegals, and legal assistants benefit from this form as it prevents legal disputes related to vehicle mileage claims and facilitates smoother transactions. To complete the form, users should provide truthful information and ensure signatures are notarized. The form should be included with the application for a certificate of title to guarantee legal transfer ownership.
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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

The Federal Odometer Statement, also known as the Odometer Disclosure Statement (ODS), is a form that is required by the federal government to be completed whenever a motor vehicle is sold or transferred. It is used to disclose the actual mileage of the vehicle at the time of sale or transfer.

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.

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.

E=Exceeds mechanical limits (the odometer has reached the highest numbers mechanically available and has started renumbering at ?1,? in other words it has ?rolled over?). N=Not actual mileage (the odometer is broken, has been replaced, or the current owner is unsure of the true mileage).

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.

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Odometer Disclosure Statement Arkansas Form Bmv 3724