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Odometer Fraud Laws If the odometer mileage is incorrect, the law requires a statement to that effect to be furnished on the title to the buyer. However, a vehicle is exempt from the written disclosure requirements if it's 20 years old or older, or a model year 2010 vehicle or older.
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 ...
A vehicle's odometer reading is one of the key factors in determining what that vehicle is worth, as it indicates the number of miles a vehicle has traveled. A vehicle with high mileage is worth less than a vehicle with low mileage.
The odometer usually lives in the vehicle's dashboard. ?Odometer? derives from two Greek words meaning ?path? and ?measure.? An odometer may be digital or mechanical. Each cog on a mechanical odometer represents a digit.
In order to have a correction made to the mileage on a vehicle record, you will need to provide the last two years of the vehicle's inspection records or VIN-specific vehicle repair bills, which indicate the mileage at the time of the inspection or repair.