Dallas Texas Odometer Statement
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A Texas Odometer Disclosure Statement is a form required when ownership of a vehicle is transferred from its seller to its new owner. The statement is a method to prevent tampering with the odometer because the falsification of odometer readings is punished by federal and state law and may lead to imprisonment.
5. For large-scale investigations, the National Highway Traffic Safety Administration (NHTSA) Office of Odometer Fraud Investigation can provide assistance. You may help an investigation by reporting a suspicious VIN to the NHTSA Office of Odometer Fraud Investigation at (202) 366-4761.
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.
A Texas Odometer Disclosure Statement is a form required when ownership of a vehicle is transferred from its seller to its new owner. The statement is a method to prevent tampering with the odometer because the falsification of odometer readings is punished by federal and state law and may lead to imprisonment.
TAMPERING WITH ODOMETER; OFFENSE. (a) A person commits an offense if the person, with intent to defraud, disconnects or resets an odometer to reduce the number of miles indicated on the odometer. (3) both the confinement and fine. (2) a fine not to exceed $2,000.
When a car is sold in this scenario, the mileage is marked on the title as exempt. This is simply stating that the car has been around too long to reliably verify its mileage.
When a car is sold in this scenario, the mileage is marked on the title as exempt. This is simply stating that the car has been around too long to reliably verify its mileage.
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.
Determine the exempt vehicle year model by subtracting 10 years from the current calendar year. For example, in calendar year 2014, 2004 and older year models are exempt. Reporting ExceptionsOdometer mileage disclosure is not required for: Vehicles 10 model years old and older (see Mandatory Reporting above).
