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People also ask
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What does odometer declaration mean?
This form is often used to make corrections for an alteration or discrepancy on the odometer reading. It is an acknowledgement between buyer and seller that the information being recorded is correct.
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Is odometer correction illegal?
49 U.S. Code § 32703 - Preventing Tampering It's a federal crime to disconnect, reset, or alter a motor vehicle odometer to change the mileage.
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What is odometer mileage discrepancy?
Proper recording can ensure that your vehicle maintains its value. Odometer Fraud is another common cause of odometer discrepancies. It typically occurs when a seller of a used vehicle manipulates the odometer itself or records it improperly to trick the buyer into paying more for a vehicle than it is worth.
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Who fills out an odometer statement?
The transferee, when applying for a title, is required to provide the transferor's (seller's) title, and if that title contains a space for the ( print page 52667) transferor to disclose the vehicle's mileage, that information must be included, and the statement must be signed and dated by the transferor.
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What is the purpose of an odometer statement?
An odometer disclosure statement is a federally required form used to verify a leased vehicle's mileage at the end of the term. This is typically needed when you return, purchase, or trade a leased vehicle.
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What is an odometer affidavit?
An odometer disclosure statement is a federally required form used to verify a leased vehicle's mileage at the end of the term.
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