Odometer Disclosure Statement Arkansas Withholding Tax

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

Description

The Odometer Disclosure Statement for Arkansas is a legal document required during the transfer of ownership of a motor vehicle. This form ensures that the seller (transferor) states the odometer reading at the time of sale, along with any discrepancies regarding mileage. It serves to fulfill both federal and state laws which mandate accurate disclosure of a vehicle's mileage to prevent fraud. Key features include spaces for the seller's and buyer's information, vehicle details including make, model, VIN, and a certification statement regarding the accuracy of the odometer reading. To complete the form, sellers must fill in the odometer reading, sign and provide their personal information, and the document must be notarized. This form is crucial for attorneys, partners, owners, associates, paralegals, and legal assistants involved in vehicle sales, as it protects against legal repercussions due to false statements regarding mileage. It is also essential for ensuring clear records during the vehicle title application process. It complements the Bill of Sale of Automobile, reinforcing the sale's legitimacy and protecting both parties' interests.
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How to fill out Arkansas Bill Of Sale Of Automobile And Odometer Statement For As-Is Sale?

The Odometer Disclosure Notification Arkansas Tax Withholding you see on this site is a versatile official format prepared by experienced attorneys in accordance with federal and state statutes and regulations.

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FAQ

To obtain a federal odometer statement in Arkansas, you need to fill out the appropriate forms provided by the Department of Motor Vehicles. This process ensures accurate recording of a vehicle's mileage. You can usually access these forms online through the DMV’s website or visit a local DMV office for assistance. Remember, understanding the odometer disclosure statement Arkansas withholding tax laws could save you time and ensure compliance.

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.

This written disclosure must be signed by the transferor, including the printed name, and shall contain the following information: (1) The odometer reading at the time of the transfer (not to include tenths of miles); (2) The date of the transfer; (3) The transferor's name and current address; (3a) The transferee's ...

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.

Box one should be used if the vehicle's odometer has ?rolled over.? Years past this was common when most vehicles only had an odometer that went up to 100,000 miles, but nowadays it is very uncommon to use this box. Box two should be used if the odometer is inaccurate.

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.

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Odometer Disclosure Statement Arkansas Withholding Tax