Md Odometer Statement With Date

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

Description

This Bill of Sale of Automobile contains the following information: the make/model of the car, VIN number and other information. Seller guarantees that the property is his/her own and is free of all claims and offsets of any kind. The form also contains the Odometer Disclosure Statement required by Federal Law and State Law, where applicable, which must be signed in the presence of a notary public.

Md odometer statement with date refers to a document that records the reading of a vehicle's odometer at a specific point in time. This statement is essential for tracking a vehicle's mileage accurately, which is crucial for various reasons such as determining its value, assessing wear and tear, and verifying the accuracy of maintenance records. The inclusion of the date ensures that the odometer reading is associated with a specific moment. In Maryland (Md), there are primarily two types of odometer statements with dates: 1. Maryland Odometer Disclosure Statement: The Maryland Odometer Disclosure Statement is a legal document required during the transfer of vehicle ownership. It provides details about the vehicle, the seller, the buyer, and most importantly, the current odometer reading with the accompanying date. This statement is necessary to prevent any fraudulent tampering of the odometer reading during the sale or transfer of a vehicle. 2. Maryland Vehicle Emissions Inspection Report: While not exclusively an odometer statement, the Maryland Vehicle Emissions Inspection Report contains information regarding the vehicle's emissions test, including the odometer reading at the time of the inspection. The date on this report reflects the specific date the vehicle underwent the emissions test, ensuring that the odometer reading is associated with that particular assessment. Both these types of Md odometer statements with dates play a vital role in maintaining transparency and accuracy in vehicle transactions, preventing fraudulent practices, and providing an accurate representation of a vehicle's mileage history. It is essential for both sellers and buyers to carefully review these statements to ensure the accuracy of the data provided, protecting their rights and avoiding any potential legal issues.

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Bill of Sale

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FAQ

An odometer disclosure statement is required on any document used for transfer of ownership. Odometer Requirements: At the time of sale, record existing mileage (no tenths) as shown on the vehicle's odometer. One of the three following odometer indicators is required: Actual mileage (A)

Seller's Signature Seller's Name (Print Name in Full) Mailing Address (Include Street Number and Name, Rural Delivery, Box, Apt. No.) Enter odometer reading exactly as it appears on the vehicle's odometer (excluding tenths) and check applicable boxes.

A vehicle's odometer reading is one of the key factors in determining what that vehicle is worth, as it indicates the number of miles a vehicle has traveled. A vehicle with high mileage is worth less than a vehicle with low mileage.

What is the odometer disclosure statement Colorado? COLORADO ODOMETER DISCLOSURE STATEMENT Federal 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.

Motor Vehicle. Administration. (MVA) An agency within the Maryland Department of Transportation (MDOT) that is. responsible for issuing and regulating and maintaining records related to Drivers'

More info

Odometer Disclosure Statement. In the State of Maryland you may want to complete for your own record the Maryland Odometer Disclosure Statement Form – Form VR-197 (Rev. 06-17).Get the up-to-date maryland odometer statement 2023 now. Get the up-to-date odometer disclosure statement maryland 2023 now. Under federal law, the Motor Vehicle Division is required to refuse the transfer of ownership unless the odometer disclosure is completed. Signature(s) of Purchaser(s). Complete the Application for Certificate of Title, (Form VR-005), and submit the following documents: Certificate of Origin properly assigned. The seller must retain a copy of the odometer statement for at least five (5) years from the date of transfer of ownership. Federal and State law requires that you state the mileage upon transfer of ownership. Additionally, the lessor must state the date the lessor received the lessee's completed disclosure statement and must sign it.

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Md Odometer Statement With Date