Ga Odometer Disclosure Statement Form
What makes the ga odometer disclosure legally binding?
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People also ask
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What is the odometer statement for refinance?
As an alternative, you may also have the option of submitting either a formal statement of mileage like an odometer disclosure form, or submit a photo of your car's odometer, which can simply be taken using your smartphone. Both of these options allow the lender to verify that your car's mileage is accurate.
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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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Do I need an odometer disclosure statement in NY?
For motor vehicles manufactured in or after the 2011 model year that are 20 model years old or newer, the seller must complete the odometer disclosure statement on the back of the title certificate.
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What is the federal odometer disclosure law?
Due to a federal rule change by NHTSA late last year, beginning January 1, 2021 odometer disclosures will be required for every sale or transfer for the first 20 years of a vehicle's life, as opposed to the first 10 years as it is today.
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Does federal administrative law require the transferor of a car to disclose the odometer mileage?
The Truth in Mileage Act (TIMA) is a federal law that further refines the odometer disclosure process requiring the transferor whose name is on the title of a motor vehicle to provide an odometer disclosure statement to the transferee upon transfer of ownership.
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Who fills out an odometer statement?
One purchaser and one seller must sign the form. 2. The owner must state the exact mileage as listed on the odometer at the time of transfer, excluding tenths.
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What is the odometer disclosure statement document?
An odometer disclosure statement is a required attachment to a vehicle bill of sale at the time of purchase for all vehicles below 16,000 pounds and under 10 years of age. It is required by federal law in all 50 states.
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