Odometer Disclosure Statement Arkansas Form Texas

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

Description

The Odometer Disclosure Statement Arkansas Form Texas serves as a vital document in the transfer of vehicle ownership, ensuring that both sellers and buyers accurately report the odometer readings of vehicles being sold. This form is required by federal law, alongside state regulations, to disclose the vehicle's mileage at the time of sale. Key features of the form include sections for the seller to certify the odometer reading, as well as options to indicate if the mileage is inaccurate or exceeds the mechanical limits of the vehicle. Users must complete all fields clearly, including vehicle details like make, model, and VIN, making it straightforward for both parties involved. It is crucial that the seller's and buyer's information is correctly filled out and signatures obtained to avoid legal penalties for misrepresentation. The form is especially useful for attorneys, partners, and paralegals who assist clients in vehicle transactions, ensuring compliance with legal requirements and protecting their interests in case of future disputes. Additionally, legal assistants and owners benefit from utilizing this form to safeguard against potential liability when transferring vehicle titles.
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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

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.

Exempt from Odometer Disclosure. The vehicle falls within criteria that allow it to change ownership without disclosure of the odometer reading. Exempt. Exceeds Mechanical Limits. The odometer reading is less than the true mileage of the vehicle because the odometer cannot display the total number of true miles.

Before you start filling out the Odometer Disclosure Statement, you'll need to make sure you have the correct form. In Texas, the form you need is called the ?Texas Motor Vehicle Transfer Notification? (Form VTR-346).

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.

Section 501.072 requires the transferor of a motor vehicle transferred in this state to provide to the transferee a disclosure of the vehicle's odometer reading at the time of the transfer in compliance with 49 U.S.C.

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Odometer Disclosure Statement Arkansas Form Texas