Odometer Disclosure Statement Ma Form Bmv 3724

State:
Massachusetts
Control #:
MA-00431
Format:
Word; 
Rich Text
Instant download

Description

The Odometer Disclosure Statement MA Form BMV 3724 is a vital document required during the transfer of ownership of a motor vehicle in Massachusetts. This form mandates the seller to disclose the vehicle's mileage at the time of sale, ensuring that the information is accurate and preventing fraudulent activities. Users must fill out essential details such as the odometer reading, vehicle identification number (VIN), and both seller and buyer information, including signatures. The form also includes options to indicate if the mileage exceeds mechanical limits or if there's a discrepancy in the odometer reading. For the target audience, including attorneys, partners, owners, associates, paralegals, and legal assistants, this form serves as a critical tool in automotive transactions, ensuring compliance with federal and state laws. By utilizing this form, legal professionals can facilitate smoother transactions and protect their clients from potential legal issues. Furthermore, it is essential to include the original form with the application for a certificate of title, highlighting its significance in legal ownership documentation.
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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 Massachusetts Bill Of Sale Of Automobile And Odometer Statement?

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FAQ

Odometer disclosure is mandatory on vehicles less than 10 model years old.

I you have a odometer that only has 5 places for numbers the highest mileage it can record is 99,999. SO when it goes past 99,999 it goes back to 00,000 at that point it has surpassed it's mechanical ability to record accurate mileage.

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.

E=Exceeds mechanical limits (the odometer has reached the highest numbers mechanically available and has started renumbering at ?1,? in other words it has ?rolled over?). N=Not actual mileage (the odometer is broken, has been replaced, or the current owner is unsure of the true mileage).

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 ...

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Odometer Disclosure Statement Ma Form Bmv 3724