Odometer Disclosure Statement Pa Withholding

State:
Pennsylvania
Control #:
PA-00431
Format:
Word; 
Rich Text
Instant download

Description

The Odometer Disclosure Statement PA Withholding is a critical legal form designed to ensure compliance with federal and state laws regarding vehicle odometer readings during ownership transfers. This statement requires the seller to declare the current mileage of the vehicle, affirming its accuracy, which prevents odometer fraud. Key features include options to indicate if the odometer reading exceeds mechanical limits or if it is not actual mileage, along with the vehicle's essential details, such as make, model, VIN, and year. The form mandates signatures from both the transferor and transferee, and it must be notarized for legitimacy. For attorneys, partners, owners, associates, paralegals, and legal assistants, this form is vital in the sale of automobiles, safeguarding clients from potential legal liabilities. It serves as a safeguard against disputes over vehicle mileage and ensures that all parties are informed of the vehicle’s condition. Additionally, the proper completion of this disclosure is essential for the transfer of the certificate of title. Overall, the Odometer Disclosure Statement helps maintain transparency in vehicle transactions, promoting ethical practices within the industry.
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  • Preview Bill of Sale of Automobile and Odometer Statement
  • Preview Bill of Sale of Automobile and Odometer Statement

How to fill out Pennsylvania Bill Of Sale Of Automobile And Odometer Statement?

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Bill of Sale

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FAQ

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 ...

In order to have a correction made to the mileage on a vehicle record, you will need to provide the last two years of the vehicle's inspection records or VIN-specific vehicle repair bills, which indicate the mileage at the time of the inspection or repair.

Odometer Fraud Laws If the odometer mileage is incorrect, the law requires a statement to that effect to be furnished on the title to the buyer. However, a vehicle is exempt from the written disclosure requirements if it's 20 years old or older, or a model year 2010 vehicle or older.

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.

The exempt mileage title is used when the mileage displayed on a vehicle's odometer cannot be verified as accurate due to exceeding the odometer's mechanical limits or being tampered with. It is issued by the DMV to protect potential buyers from paying more for a vehicle than it is actually worth.

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Odometer Disclosure Statement Pa Withholding