This forms package contains a Bill of Sale, Odometer Statement and Promissory Note. It is for the situation where the Buyer may be making a downpayment and paying the balance over time.
Tennessee Odometer Disclosure Statement With Lien Release
State:
Tennessee
Control #:
TN-00431-C
Format:
Word;
Rich Text
Instant download
Description
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How to fill out Tennessee Bill Of Sale For Automobile Or Vehicle Including Odometer Statement And Promissory Note?
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FAQ
The odometer usually lives in the vehicle's dashboard. ?Odometer? derives from two Greek words meaning ?path? and ?measure.? An odometer may be digital or mechanical. Each cog on a mechanical odometer represents a digit.
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 ...
The mileage discrepancy refers to misrepresenting the mileage of the automobile. The odometer discrepancy has to emphasize the unreliability of the odometer tool in terms of counting and reading the mileage but in most cases, these two terms are used interchangeably.
Section 319.225(4), Florida Statutes, provides that upon transfer or reassignment of a certificate of title, the transferor shall complete the odometer disclosure statement and the transferee shall acknowledge the disclosure by signing and printing their names in the spaces provided.
PURPOSE: Federal and state law require both seller (transferor) and buyer (transferee) to accurately state the mileage of any used motor vehicle, with a manufacture year of 2011 or newer, in connection with the transfer of ownership whether sale, trade-in or exchange.