The Md odometer statement for Indiana is an important document used during the sale or transfer of a motor vehicle in the state. It serves as a legal declaration that provides accurate details about the vehicle's mileage at the time of transaction. This statement is crucial to ensure transparency and prevent fraud related to odometer tampering, as it confirms the true mileage of the vehicle. One type of Md odometer statement in Indiana is the "Indiana Odometer Disclosure Statement" or "Form 43230." This form is used when a vehicle is sold or transferred for a price exceeding $3,500, or if the vehicle is less than ten years old. It requires the seller to disclose the mileage accurately by filling in the vehicle information, including the Make, Model, Year, Vehicle Identification Number (VIN), and the current odometer reading. The "Indiana Odometer Compliance Statement" or "Form 55578" is another type of Md odometer statement used in Indiana. This form is utilized when the vehicle's title application is made by a salvage motor vehicle dealer or a non-Indiana dealer. It requires the disclosure of the mileage by the applicant and the acknowledgment that the vehicle's title should contain the word "reconstructed" due to being salvaged. When completing the Md odometer statement, it is important to only provide verified and accurate information. A false statement or a deliberate failure to disclose the correct mileage may result in legal consequences. Fraudulent tampering with a vehicle's odometer is a serious offense and can lead to hefty fines, criminal charges, and even imprisonment. In summary, the Md odometer statement for Indiana is a legal document used to disclose the true mileage of a motor vehicle during a sale or transfer. It helps prevent odometer fraud and ensures transparency in all vehicle transactions. The two main types of Md odometer statements in Indiana are the "Indiana Odometer Disclosure Statement" (Form 43230) and the "Indiana Odometer Compliance Statement" (Form 55578). Both forms require accurate disclosure of the vehicle's mileage and other necessary information.
Md Odometer Statement For Indiana
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In ance with federal and state law, the seller of a motor vehicle must disclose the current mileage to a purchaser in writing upon transfer of ownership. The disclosure must be signed by the seller, including the printed name.
An odometer disclosure statement is a legal document that states the accurate mileage on a vehicle's odometer at the time of transfer from the seller to the buyer. If the seller knows that the car's mileage is incorrect, the document must contain that information.
Sec. 6. (a) An application for a certificate of title for a vehicle must contain the odometer reading of the vehicle in miles or kilometers as of the date of sale or transfer of the vehicle to the applicant.
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 ...