Short Bill Of Sale With Odometer Disclosure
Description
How to fill out Bill Of Sale - Short Form?
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FAQ
An Odometer Disclosure Statement is a legally binding document that provides an accurate mileage on the odometer at the time the car changes hands from the seller to the purchaser. And if the mileage is known to be incorrect, it must be indicated on the statement.
OHIO DEPARTMENT OF PUBLIC SAFETY. BUREAU OF MOTOR VEHICLES. ODOMETER DISCLOSURE STATEMENT. Federal law (and State law), if applicable) 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.
Bill of Sale Templates are created in Microsoft Word. They are provided with all the basic information. For example buyer's detailed information as in Buyer's contact Info and also seller's in Seller's Contact Info.
On the back of the title the upper block of information that says ASSIGNMENT OF TITLE BY REGISTERED OWNER will be filled out. The buyer(s) name and complete address is printed on the first line. The odometer reading is entered in the space provided. The mileage is entered EXACTLY AS IT APPEARS ON THE ODOMETER.
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.
