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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.
Instead of transferring the vehicle's title, you can put the car up for sale. Once someone wants to buy the vehicle, the executor or beneficiary needs to sign the title and provide their role (executor for deceased person's name and name. The buyer will then be responsible for getting the vehicle's title transferred.
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 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.