The Notarized Odometer Statement form is a legal document used to confirm the mileage of a vehicle at the time of sale or transfer. This statement is signed by a notary public, who verifies the identity of the vehicle owner and the accuracy of the reported mileage. Such documentation is essential for preventing odometer fraud and ensuring transparency in vehicle transactions.
When buying or selling a vehicle, ensuring transparency regarding its mileage is crucial. The Notarized Odometer Statement form plays a vital role in this process, serving as a legal document that confirms the accuracy of a vehicle's odometer reading. This form includes essential details such as the vehicle's make, model, and VIN (Vehicle Identification Number), alongside the recorded mileage. Not only does it require the signature of the vehicle's owner, but it also mandates the presence of a notary public, who verifies the identity of the owner and the authenticity of the information provided. This added layer of verification helps prevent odometer fraud, a serious concern in the automotive marketplace. By documenting the odometer reading at the time of transfer, both buyers and sellers can protect their interests and ensure a smoother transaction. Understanding the importance of this form and the information it contains can help you navigate the vehicle transfer process with confidence.
ODOMETER DISCLOSURE STATEMENT
I, ____________________________, a Notary Public in the state of ______________________,
in the county of _________________, have personally verified the mileage of _______________
(miles) on this__________ (year) ________________ (make) _________________ (model)
_____________________________ (VIN) belonging to ____________________________ on
this _______ day of _____________, 2015. _______________________________, owner,
personally appeared and proved to me on the basis of satisfactory evidence to be the person whose name is subscribed to within this instrument.
__________________________________
___________________
Registered Owner
Date
S
E
________________________________
Notary Public
A
My commission expires on ____________________
L
The Notarized Odometer Statement is an important document in vehicle transactions, particularly when ownership is transferred. It provides a formal declaration of the vehicle's mileage at the time of sale. Several other documents are often used in conjunction with this form to ensure a smooth and legally compliant transfer of ownership. Below is a list of these related documents.
These documents work together to ensure that all aspects of the vehicle transfer process are properly documented and compliant with state regulations. Understanding each form's purpose can help both buyers and sellers navigate the complexities of vehicle ownership transfer more effectively.
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When filling out and using the Notarized Odometer Statement form, it is important to keep the following key points in mind:
A Notarized Odometer Statement is a legal document that certifies the mileage of a vehicle at the time of sale. It is typically required when transferring ownership of a vehicle to ensure that the odometer reading is accurate and to prevent odometer fraud. This statement must be signed by the vehicle owner and notarized by a licensed notary public.
This statement is important for several reasons:
Typically, the seller of the vehicle is responsible for completing the Notarized Odometer Statement. However, the buyer may also request it to ensure transparency regarding the vehicle's mileage. Both parties should be aware of the document's significance in the transaction.
The statement must include the following information:
You can obtain a Notarized Odometer Statement by following these steps:
If the odometer reading is found to be incorrect, it can lead to legal issues for the seller. The buyer may have grounds to claim fraud or misrepresentation. It is crucial for sellers to provide accurate information on the Notarized Odometer Statement. If a mistake occurs, it should be corrected immediately, and both parties should document the correction to avoid future disputes.
Understanding the Notarized Odometer Statement form can help avoid confusion during vehicle transactions. Here are some common misconceptions about this important document:
By clearing up these misconceptions, individuals can navigate the process of vehicle ownership transfer more effectively and ensure compliance with legal requirements.