Odometer Disclosure Statement

Protect yourself from odometer fraud: Find out why the Odometer Disclosure Statement is crucial when purchasing a vehicle.

Last updated July 24th, 2024

Protect yourself from odometer fraud: Find out why the Odometer Disclosure Statement is crucial when purchasing a vehicle.

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As mandated by federal law in all 50 states, an odometer disclosure statement must be attached to the vehicle bill of sale when purchasing a vehicle that weighs less than 16,000 pounds and is under 10 years old. The DMV sometimes provides a odometer disclosure statement PDF form for the state that the vehicle is located in.

Source: 49 U.S. Code § 32705 – Disclosure Requirements on the Transfer of Motor Vehicles

Odometer Disclosure Statement: Requirements 

Requirements

The final rule is to meet the requirement of the MAP-21 Act of 2012, which mandates NHTSA to allow states to input the electronic odometer disclosure statements for the transfer of motor vehicles.

Amendments

The amendments make it so that the odometer disclosures are available electronically and help with odometer fraud.

Final Rule

The final rule modifies previous regulations to allow odometer disclosures to be made available online. The NHTSA is expanding the mileage disclosure exemption to apply to vehicles 20 years old or older.

Odometer Disclosure Statement: Federal Regulations

Rules and Guidelines

The rules for disclosing odometer information can be found in part 580, Title 49, Code of Federal Regulations (C.F.R.). These rules include guidelines for how odometer information should be disclosed, the required format for the documents, and the security of title documents and motor vehicle power of attorney forms.

Covered Transactions

They also cover transactions involving leased vehicles, record keeping requirements for auctions, and the limited use of powers of attorney.

Alternatives

Part 580 also outlines provisions excluding certain types of cars from disclosure requirements. It includes a petition process for states to propose alternative disclosure requirements.

Source: National Highway Traffic Safety Administration (NHTSA), Department of Transportation (DOT)

Odometer Disclosure Statement Form: Transfer Rules and Laws ⚖️

The rules in this part of the disclosure statement do not apply to the following types of transfers:

  1. A vehicle with weight of more than 16,000 lbs.
  2. Not self-propelled.
  3. Ten (10) years old or older.
  4. A new vehicle before its first transfer for purposes other than resale.
  5. The manufacturer sells a new vehicle directly to any agency in the US according to contractual specifications.

Preview Example

Sample:

Odometer Disclosure Statement