Md Odometer Statement For Lease Buyout Dcu
Description
How to fill out Maryland Bill Of Sale Of Automobile And Odometer Statement?
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FAQ
The DR 2174 Power of Attorney for a Motor Vehicle is a secure form that allows the dealer and the seller to disclose the odometer on the form. By using this form, the seller is also authorizing the dealer through power of attorney to act on their behalf to transfer ownership, obtain a duplicate, etc.
Federal and State law require that the seller states the mileage in connection with the transfer of ownership. Failure to complete the odometer statement, or providing a false statement, may result in fines and/or imprisonment.
Self-propelled vehicles weighing more than 16,000 pounds will remain exempt from odometer disclosure requirements. In general, vehicles currently exempt from odometer disclosure under the Federal Truth in Mileage Act or state statutes based on an exemption other than age will remain exempt.
Chapter 5: Odometer Mileage Reporting All states are required to provide an odometer disclosure section/space on complying titles or complying forms. The odometer disclosure should contain: The complete vehicle description (make, year model, body type, and vehicle identification number). The date of sale.
Does Colorado require odometer disclosure? However, starting January 1, 2021, vehicles with a model year of 2011 or newer will require odometer disclosure, and in these cases a bill of sale is not sufficient.