Maryland Odometer Statement With Multiple Conditions

State:
Maryland
Control #:
MD-00431
Format:
Word; 
Rich Text
Instant download

Description

The Maryland Odometer Statement with Multiple Conditions is a required document that ensures the accurate disclosure of a vehicle's mileage during ownership transfer. This form serves dual functions: it records the odometer reading at the time of sale and verifies that the mileage reflects the actual distance traveled by the vehicle, essential for legal and consumer protection. Users must indicate if the odometer is exceeding mechanical limits or if the stated mileage is inaccurate, providing transparency in the transaction. Key features include spaces to detail the vehicle's make, model, VIN, and year, as well as sections for both the seller and buyer to provide their personal information and signatures. Attorneys, partners, owners, associates, paralegals, and legal assistants can benefit from this form in motor vehicle transactions, ensuring compliance with federal and state laws. Proper completion of the form is crucial to avoid penalties for false statements, emphasizing the importance of accurate mileage reporting. Edited versions may be made for different use cases depending on specific transactions or regulations, but adherence to the legal requirements and proper filing is essential for all users.
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How to fill out Maryland Bill Of Sale Of Automobile And Odometer Statement?

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Bill of Sale

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FAQ

You can download a Maryland bill of sale for vehicle transactions as a PDF file. This document is mandatory only if the car is less than seven years old and is being sold for below market value. You can call the MVA's Customer Service Center at 1-410-768-7000 to verify the vehicle's book value.

APPOINTMENTS REQUIRED ? You Name the Time and Place, We'll Take Care of the Rest.

A notice of security interest filing is mailed to the lending institution or person and the title is mailed to the owner. After the lien is satisfied, the security interest document must be mailed to the owner and kept with the title. Both documents are required to sell or trade the vehicle.

An MVA ?Bill of Sale? A notarized MVA Bill of Sale is needed if the sale price is less than the vehicle's book value and the vehicle is 7 years old or newer. Please call the MVA's Customer Service Center at 1-410-768-7000 to verify the vehicle's book value.

Title Transfer Process The buyer and seller are together in person. The buyer has approved of the car, and both parties have agreed on the purchase price. It's time to do the actual transferring of ownership. This is where the seller signs the title over to the buyer.

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Maryland Odometer Statement With Multiple Conditions