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Kentucky Odometer Disclosure Statement Form 2015

2015-2025 Form

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What is the Kentucky Odometer Disclosure Statement Form

The Kentucky Odometer Disclosure Statement Form is a legal document required when transferring ownership of a motor vehicle in Kentucky. This form serves to disclose the vehicle's odometer reading at the time of sale, ensuring that the buyer is informed about the mileage. This disclosure is vital for preventing odometer fraud, which can mislead buyers regarding the vehicle's actual condition and value.

How to use the Kentucky Odometer Disclosure Statement Form

To use the Kentucky Odometer Disclosure Statement Form, both the seller and the buyer must complete it accurately. The seller should provide the current odometer reading, the vehicle identification number (VIN), and their signature. The buyer must also sign the form, acknowledging the odometer disclosure. This completed form should be retained by both parties for their records and may be required when registering the vehicle with the state.

Steps to complete the Kentucky Odometer Disclosure Statement Form

Completing the Kentucky Odometer Disclosure Statement Form involves several key steps:

  1. Obtain the form from a reliable source, such as the Kentucky Transportation Cabinet.
  2. Fill in the vehicle's VIN and current odometer reading accurately.
  3. Provide the seller's and buyer's names and addresses.
  4. Both parties must sign and date the form to validate the disclosure.
  5. Keep a copy of the completed form for personal records.

Legal use of the Kentucky Odometer Disclosure Statement Form

The Kentucky Odometer Disclosure Statement Form is legally binding when properly completed and signed by both parties. It complies with federal and state regulations regarding odometer disclosures. This form must be submitted at the time of vehicle registration to ensure that the odometer reading is officially recorded, protecting both the buyer and seller from potential legal disputes related to odometer fraud.

Key elements of the Kentucky Odometer Disclosure Statement Form

Several key elements must be included in the Kentucky Odometer Disclosure Statement Form to ensure its validity:

  • The vehicle identification number (VIN).
  • The current odometer reading at the time of sale.
  • The names and addresses of both the seller and buyer.
  • Signatures of both parties, along with the date of the transaction.
  • A statement indicating whether the odometer reading is accurate or if it has been tampered with.

State-specific rules for the Kentucky Odometer Disclosure Statement Form

In Kentucky, specific rules govern the use of the Odometer Disclosure Statement Form. The form must be completed for all vehicle sales, including private sales and dealer transactions. Failure to provide this disclosure can result in penalties for the seller. Additionally, the form must be submitted to the Kentucky Transportation Cabinet when registering the vehicle, ensuring compliance with state laws.

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KY TC 96-5 2015
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