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Federal and state laws require that you state the mileage in a transfer of ownership. The owner must state the exact mileage as listed on the odometer at the time of transfer, excluding tenths.Federal law (and State law if applicable) requires that you state the mileage upon transfer of ownership. For private sales, authorized tag agents required transferors and transferees to fill out odometer disclosures on paper forms. Federal law and section 233a of the Michigan Vehicle Code require that you state the mileage in connection with the transfer of ownership. The purchaser must sign the disclosure statement, including printed name and address, and return a copy to the seller. 3. An odometer statement is essential when selling any vehicle. It guarantees the mileage shown is accurate and helps the buyer feel secure about the purchase. Federal law (and State law if applicable) requires that you state the mileage upon transfer of ownership. Federal and state laws require that you state the mileage in a transfer of ownership.