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TENNESSEE DEPARTMENT of REVENUE ODOMETER DISCLOSURE STATEMENT State Tn Form
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People also ask
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Is an odometer disclosure statement required in TN?
PURPOSE: Federal and state law require both seller (transferor) and buyer (transferee) to accurately state the mileage of any used motor vehicle, with a manufacture year of 2011 or newer, in connection with the transfer of ownership whether sale, trade-in or exchange. -
Is an odometer disclosure statement required in Texas?
Section 501.072 requires the transferor of a motor vehicle transferred in this state to provide to the transferee a disclosure of the vehicle's odometer reading at the time of the transfer in compliance with 49 U.S.C. -
What is odometer reading?
A vehicle's odometer reading is one of the key factors in determining what that vehicle is worth, as it indicates the number of miles a vehicle has traveled. A vehicle with high mileage is worth less than a vehicle with low mileage. -
What is an odometer discrepancy?
Let's say, for example, you purchase a car from someone that states the speedometer stopped working when the odometer read 80,000 miles. He or she then replaced the broken speedometer with a new speedometer that had an odometer reading of 40,000 miles. This would be an odometer discrepancy. -
How to fill out an odometer disclosure statement near New York NY?
Seller's Signature Seller's Name (Print Name in Full) Mailing Address (Include Street Number and Name, Rural Delivery, Box, Apt. No.) Enter odometer reading exactly as it appears on the vehicle's odometer (excluding tenths) and check applicable boxes. -
Who is exempt from odometer reading 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. -
Why does odometer say exempt?
When a car is sold in this scenario, the mileage is marked on the title as “exempt.” This is simply stating that the car has been around too long to reliably verify its mileage. -
What does exempt from odometer reporting mean on Carfax?
It means that it's exempt from federal odometer disclosure laws so no one has to legally guarantee them to be accurate due to the age and or class of vehicle, Over 10 years old is exempt.
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