California Odometer Form
What makes the california odometer form legally binding?
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People also ask
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What is not actual mileage in California?
N=Not actual mileage (the odometer is broken, has been replaced, or the current owner is unsure of the true mileage)
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What does it mean when Carfax says exempt from odometer reporting?
In most states, if the vehicle is less than 10 years old, the seller is required to report the current odometer reading at the time of sale. If the vehicle is over 10 years old, it is exempt from this requirement in many states. Check with your local DMV for your state's requirements.
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Who is exempt from odometer reading in the USA?
Both of these practices are illegal under federal law. In fact, sellers are required to provide a written disclosure to the buyer if the mileage indicated on the odometer is incorrect. However, when the car in question is 10 years old or older, it is exempt from the written disclosure requirement.
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Is the odometer exempt by federal law?
Federal regulations require an LSV to have a speedometer, but not an odometer.
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What is the penalty for odometer tampering in California?
If you're convicted of odometer tampering, you may face a civil penalty of up to $10,000 per violation (per vehicle whose odometer is altered), up to a maximum total penalty of $1 million. If a corporation commits the crime, all officers involved in the fraud can also be individually fined and the corporation itself.
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Do federal and state laws require a completed odometer disclosure statement?
Federal and state law 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.
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What is the federal odometer rule?
The federal government passed a law that requires a written disclosure of the mileage registered on an odometer be provided on the title by the seller to the purchaser when the ownership of a vehicle is transferred.
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Does California require an odometer disclosure?
Reference to federal and state law with the following or similar wording: Federal and state law 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.
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