The Odometer Disclosure Statement MA Form BMV 3724 is a mandatory document used in the state of Massachusetts to disclose accurate mileage information when transferring ownership of a motor vehicle. This form is crucial in preventing odometer fraud and ensuring transparency in vehicle sales. It must be completed by both the seller and the buyer of the vehicle and submitted to the Massachusetts Registry of Motor Vehicles (REV). The purpose of the Odometer Disclosure Statement MA Form BMV 3724 is to provide an accurate record of the vehicle's mileage at the time of its sale or transfer. By completing this form, the seller certifies that the mileage stated on the vehicle's title is the actual mileage, to the best of their knowledge. The buyer acknowledges the accuracy of this information and ensures they are receiving a vehicle with true mileage representation. The Odometer Disclosure Statement MA Form BMV 3724 contains several sections that need to be filled out correctly. These sections include: 1. Seller Information: The seller must provide their full legal name, complete address, and contact details. 2. Buyer Information: The buyer's full legal name, complete address, and contact information must be provided. 3. Vehicle Information: Details about the vehicle, including its make, model, year, and vehicle identification number (VIN), need to be accurately recorded. 4. Odometer Reading: The seller should enter the current mileage displayed on the vehicle's odometer at the time of sale or transfer. 5. Odometer Disclosure Statement: Both the seller and the buyer must sign this section, acknowledging the accuracy of the entered mileage and their understanding of the penalties for providing false information. It is important to note that there are no different types or variations of the Odometer Disclosure Statement MA Form BMV 3724. This form is standardized and must be used for all vehicle transfers in Massachusetts. By completing the Odometer Disclosure Statement MA Form BMV 3724 accurately and truthfully, both the seller and buyer ensure compliance with Massachusetts state laws and protect themselves from potential legal issues arising from odometer discrepancies. This form serves as a legal record supporting an honest transaction and emphasizes the importance of transparency in the sale or transfer of motor vehicles.
Odometer Disclosure Statement Ma Form Bmv 3724
Description
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 ...