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DMV TM 1OdometerDisclosureStatement  Form

DMV TM 1OdometerDisclosureStatement Form

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What is the WV DMV Odometer Statement?

The WV DMV odometer statement is a legal document required when transferring ownership of a vehicle in West Virginia. This form serves to disclose the vehicle's mileage at the time of sale, ensuring that buyers are aware of the odometer reading and can verify its accuracy. The statement helps prevent odometer fraud, which is the illegal practice of rolling back or misrepresenting a vehicle's mileage. It is essential for both the seller and buyer to complete this form accurately to comply with state regulations.

Key Elements of the WV DMV Odometer Statement

The odometer statement includes several critical components that must be filled out correctly. These elements typically include:

  • Vehicle Information: Make, model, year, and VIN (Vehicle Identification Number).
  • Odometer Reading: The current mileage displayed on the vehicle's odometer at the time of sale.
  • Seller and Buyer Information: Names and addresses of both parties involved in the transaction.
  • Date of Sale: The date when the vehicle is sold.
  • Signatures: Both the seller and buyer must sign the document to validate the transaction.

Steps to Complete the WV DMV Odometer Statement

Completing the WV DMV odometer statement involves a few straightforward steps:

  1. Gather necessary information about the vehicle, including the VIN and current odometer reading.
  2. Fill in the seller's and buyer's names, addresses, and the date of sale.
  3. Clearly state the odometer reading to prevent any misunderstandings.
  4. Both parties should review the completed form for accuracy.
  5. Sign the document to finalize the transaction.

Legal Use of the WV DMV Odometer Statement

The WV DMV odometer statement is legally binding when properly completed and signed by both the seller and buyer. It serves as a crucial record for the state, ensuring transparency in vehicle transactions. Failing to provide an accurate odometer statement can lead to legal repercussions, including fines or penalties for both parties involved. It is important to retain a copy of the completed statement for personal records and future reference.

How to Obtain the WV DMV Odometer Statement

The WV DMV odometer statement can be obtained directly from the West Virginia Division of Motor Vehicles (DMV) website or local DMV offices. It is often available as a downloadable PDF form that can be printed and filled out. Additionally, some dealerships may provide this form during the vehicle sale process. Ensuring that you have the correct and most current version of the form is essential for compliance with state regulations.

Form Submission Methods

Once the WV DMV odometer statement is completed, it can be submitted through various methods:

  • In-Person: Submit the completed form at a local DMV office during the vehicle registration process.
  • By Mail: Send the completed form to the appropriate DMV address if required for processing.
  • Online: Some DMV services may allow for electronic submission, depending on state regulations and available services.

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