Indiana Odometer Disclosure Statement With Lienholder

State:
Indiana
Control #:
IN-00431
Format:
Word; 
Rich Text
Instant download

Description

The Indiana odometer disclosure statement with lienholder is a legal form required during the transfer of vehicle ownership in the state of Indiana. It captures essential information about the odometer reading, ensuring accuracy regarding the vehicle's mileage at the time of sale. This form is crucial for preventing fraud, as it mandates the seller to disclose the true mileage and allows for the identification of any discrepancies. It includes sections for the buyer's and seller's information, vehicle details such as make, model, and VIN, and requires signatures from both parties. Notably, the form must also be notarized and accompany the application for a certificate of title. Legal professionals including attorneys, paralegals, and associates can use this form to streamline transactions involving motor vehicles, safeguarding against potential legal issues arising from misleading mileage claims. The form's clear structure and instructions make it accessible to users with varying levels of legal experience, ensuring compliance with both federal and state laws regarding odometer disclosures.
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  • Preview Bill of Sale of Automobile and Odometer Statement
  • Preview Bill of Sale of Automobile and Odometer Statement

How to fill out Indiana Bill Of Sale Of Automobile And Odometer Statement?

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Bill of Sale

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FAQ

The exempt mileage title is used when the mileage displayed on a vehicle's odometer cannot be verified as accurate due to exceeding the odometer's mechanical limits or being tampered with. It is issued by the DMV to protect potential buyers from paying more for a vehicle than it is actually worth.

When selling a vehicle, all vehicle owners must sign and print their names in the seller section prior to the sale. The seller must also complete the odometer statement, date of sale, selling price and trade-in value, if applicable.

Even though your lienholder is the vehicle's legal owner, you'll keep possession of the car as long as you make payments on your auto loan; either your lienholder will keep the title until the loan is paid off or you'll hold onto the title with an indication that there's a lienholder involved.

Prior to selling a vehicle, all lienholders must have released their interest in the vehicle.

Indiana Title Transfer Instructions - Seller - YouTube YouTube Start of suggested clip End of suggested clip Make sure to print your name or names exactly as appear on the front of the title. Below owner'sMoreMake sure to print your name or names exactly as appear on the front of the title. Below owner's name do not use short names or nicknames or theirs to register odors listed on the title. Make sure you

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Indiana Odometer Disclosure Statement With Lienholder