Odometer Disclosure Statement Utah Form
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People also ask utah tc891
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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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Can you sell a car if the odometer doesn't work?
Yes, it would be relevant, but would not result in a finding that you have no liability or are without fault. The reason is because ultimately as the seller you are responsible for the condition of the vehicle at the time of sale and the disclosures made.
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What makes an odometer exempt?
The exempt mileage title is used when the mileage displayed on a vehicle's odometer cannot be verified as accurate due to exceeding the odometer's mechanical limits or being tampered with. It is issued by the DMV to protect potential buyers from paying more for a vehicle than it is actually worth.
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What happens if there is an odometer discrepancy?
Odometer Fraud Laws If the odometer mileage is incorrect, the law requires a statement to that effect to be furnished on the title to the buyer. However, a vehicle is exempt from the written disclosure requirements if it's 20 years old or older, or a model year 2010 vehicle or older.
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Who is exempt from odometer reporting in Utah?
Odometer mileage disclosure statements do not need to be given for vehicles having a gross vehicle weight rating of 16,000 pounds or more, vehicles 20 years old or older, or vehicles sold directly by the manufacturer to any agency of the United States Government (UCA §41-1a-902).
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What are the requirements for the federal odometer disclosure?
Section 580.5(c) requires a transferor to sign, and to print his/her name on an odometer disclosure statement with the following information: (1) The odometer reading at the time of transfer (not to include tenths of miles); (2) the date of transfer; (3) the transferor's name and current address; (4) the transferee's ...
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What is the purpose of the odometer disclosure statement?
The odometer disclosure laws and regulations protect purchasers of motor vehicles from odometer fraud.
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What is an example of an odometer statement?
1. I hereby signNow that, to the best of my knowledge, the above-listed odometer reading reflects the actual mileage of the vehicle described below. 2. I hereby signNow that, to the best of my knowledge, the above-listed odometer reading reflects the amount of mileage in excess of its mechanical limits.
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