Agent Power Attorney With Odometer Disclosure
Definition and meaning
An agent power of attorney with odometer disclosure is a legal document that grants an individual (the agent) the authority to act on behalf of another person (the principal) in transactions involving vehicle ownership. This specific form includes important provisions for disclosing the vehicle's mileage at the time of transfer, ensuring compliance with state regulations, such as those in Maine.
Key components of the form
The agent power of attorney with odometer disclosure includes several crucial elements:
- Name of the Principal: The person granting authority.
- Name of the Agent: The individual authorized to act.
- Effective Date: The date the document becomes valid.
- Disclosure Statement: Certification of the vehicle's mileage.
- Signature Requirements: Signatures of both the principal and agent.
How to complete a form
Completing the agent power of attorney with odometer disclosure involves the following steps:
- Fill in the name and address of the principal.
- Provide the name and contact information of the agent.
- Specify the date the authority becomes effective.
- Include the current odometer reading of the vehicle.
- Ensure both the principal and agent sign the document in the presence of a notary public.
Who should use this form
This form is ideal for individuals who need to designate someone else to handle the sale or transfer of a vehicle on their behalf. It serves particularly well for:
- People who are unable to attend the transaction in person.
- Individuals selling vehicles while out of state.
- Those managing family-owned vehicles.
State-specific requirements
Each state may have unique requirements regarding the agent power of attorney with odometer disclosure. In Maine, it’s important to ensure compliance with the following:
- The form must be notarized to be legally binding.
- Both the original seller and the agent must provide accurate mileage disclosure.
- Confirmation of the principal's identity may be necessary during execution.
Common mistakes to avoid when using this form
Users should be cautious of the following common errors:
- Failing to provide accurate mileage details.
- Not having the form notarized prior to submission.
- Omitting required signatures from either the principal or the agent.
- Incorrectly completing any sections of the form, which may result in its invalidation.
How to fill out Maine Agent's Certification As To Validity Of Power Of Attorney And Agent's Authority?
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FAQ
Odometer Disclosure Statement (MVR-180): Seller shall disclose the mileage to the buyer in writing on the application with signatures and hand printed name. If a vehicle is 10 years old and older, odometer reading is not required.
The odometer disclosure is required to be made on a secure form to prevent tampering. The Texas Department of Motor Vehicles (TxDMV) has implemented a carbon copy paper form which complies with the requirements of federal law.
Effective January 1, 2021, the new 20-year exemption for odometer disclosure applies to 2011 and newer model-year vehicles. This means a 2011 model year vehicle will not become exempt from odometer disclosure until the vehicle is 20 years old, which will be January 1, 2031.
A Texas Odometer Disclosure Statement should be filled out in the following way:State the seller's name and that the seller certifies that the information listed in this statement is true and accurate.Select the appropriate box to make it clear whether the mileage amount listed is one of the following:More items...
Illinois law requires mileage disclosure for all vehicles. Exceptions include: vehicle weight of more than 16,000 pounds; vehicles 10 years old or older; vehicles that are not self-propelled; and vehicles manufactured without an odometer.
