When it comes to title transfers in Massachusetts, an Odometer Disclosure Statement (ODS) plays a crucial role in providing accurate information about a vehicle's mileage history. The ODS is a legal document designed to protect buyers from unknowingly purchasing a vehicle with tampered mileage readings, which could impact its value and reliability. Sellers in Massachusetts are required by law to disclose the odometer reading and complete an Odometer Disclosure Statement during the title transfer process. The Odometer Disclosure Statement MA includes essential information such as the seller's name, address, and signature, as well as the buyer's name. Most importantly, it includes the vehicle identification number (VIN) and the current odometer reading. The statement serves as a declaration from the seller that the provided mileage reading is accurate to their knowledge and that they have not manipulated or altered it in any way. It is important to note that there are different types of Odometer Disclosure Statement MA based on the vehicle's age and title status: 1. Odometer Disclosure Statement for vehicles under 10 years old: This form is used for title transfers of vehicles that are less than ten years old. It confirms the mileage on the odometer at the time of sale and must be completed accurately by the seller. 2. Odometer Disclosure Statement for vehicles 10 years old or older: For vehicles that have surpassed the ten-year mark, MA requires a different form. Although the information requested is similar to the one mentioned above, this statement acknowledges that the vehicle's true mileage reading might be unknown due to its age. 3. Odometer Disclosure Statement for vehicles with title brands: In cases where a vehicle has a title brand, such as salvage or rebuilt title, an additional disclosure statement may be required. This statement mentions the specific title brand and provides additional information related to the vehicle's condition or history. In Massachusetts, the Odometer Disclosure Statement MA is vital in ensuring transparency during the title transfer process. It helps safeguard buyers against potential odometer fraud and ensures that accurate mileage information is recorded for future reference. Both sellers and buyers should take this legal requirement seriously to maintain the integrity of vehicle transactions and protect their interests.
Odometer Disclosure Statement Ma For Title Transfers
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How to fill out Massachusetts Bill Of Sale Of Automobile And Odometer Statement?
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FAQ
Previous owner's certificate of title assigned to the new owner. If your vehicle is exempt from title due to age, you must present the previous registration and the bill of sale. A $75 title fee.
If information is incorrect on your title, or you need to change information, you will need to notify the RMV and request an amended certificate of title. You will receive your amended certificate of title in the mail within 10 ? 14 business days.
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Odometer disclosure is mandatory on vehicles less than 10 model years old.
To complete the transfer, you must present the following to a local RMV office within 7 days of the sale date. RMV-1 Application Form, that includes proof of insurance on the form from your agent. Proof of ownership. Payment for any fees and sales tax.