Maryland Odometer Statement with Join: Explained in Detail The Maryland odometer statement with join is an important document used during vehicle transfers in the state of Maryland. This statement plays a crucial role in providing accurate information about a vehicle's mileage, ensuring transparency and protecting both buyers and sellers from fraud or misrepresentation. A Maryland odometer statement with join is completed by both the seller and buyer of a vehicle. It establishes an agreement between both parties regarding the vehicle's mileage at the time of transfer. This statement becomes a legally binding document and must be accurate to avoid any legal complications. Different Types of Maryland Odometer Statement with Join: 1. Standard Maryland Odometer Statement with Join: This is the most common type of odometer statement used in Maryland. It requires both the seller and buyer to provide their personal details, including full name, address, and driver's license number. The vehicle information, such as make, model, year, and identification number, also needs to be accurately filled in. Additionally, a section is dedicated to recording the current mileage of the vehicle at the time of transfer. 2. Maryland Odometer Statement with Join for Leased Vehicles: In the case of leased vehicles, a specific odometer statement with join is used. This document includes additional sections for recording the lease company's details, contact information, and the lease agreement number. This statement ensures that the lease company is notified about any mileage changes during the lease period. Key Points to Include in a Maryland Odometer Statement with Join: 1. Vehicle Information: The statement should clearly identify the vehicle being transferred, including the make, model, year, and vehicle identification number (VIN). 2. Seller Information: The seller's full legal name, address, and driver's license number should be provided. This information helps in verifying the seller's identity. 3. Buyer Information: The buyer's complete legal name, address, and driver's license number are necessary for identification purposes. 4. Odometer Disclosure: The current mileage of the vehicle at the time of transfer must be accurately recorded in the statement. Both the seller and buyer must sign this section to confirm the accuracy of the recorded mileage. 5. Notary Witness: Some odometer statements may require notarization. In such cases, a notary public must be present while the seller and buyer sign the document. 6. Additional Information: Depending on the specific requirements of the Maryland Motor Vehicle Administration (MVA), there may be additional sections to complete, such as indicating if the odometer is in miles or kilometers. Completing a Maryland odometer statement with join is crucial in ensuring transparency and protecting both parties involved in a vehicle transfer. It is essential to carefully read the instructions provided by the MVA and accurately fill in the required information to avoid any legal issues in the future.
Maryland Odometer Statement With Join
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How to fill out Maryland Odometer Statement With Join?
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FAQ
The Truth in Mileage Act (TIMA) is a federal law that requires the seller of a motor vehicle to provide an odometer disclosure to the buyer at the time of sale or transfer of ownership.
An odometer disclosure statement is simply a declaration of a vehicles mileage as indicated by its odometer, and if whether or not its an accurate reading.
Federal law and section 233a of the Michigan Vehicle Code require that a lessee disclose the mileage to the lessor in connection with the transfer of ownership.
Federal and state law requires that you state the mileage upon transfer of ownership; failure to complete or providing a false statement may result in fines and/or imprisonment.
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 ...