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When buying or selling a vehicle, ensuring the accuracy of its mileage is crucial for both parties involved. This is where the Notarized Odometer Statement form comes into play. At its core, this document serves as a formal declaration of the vehicle's mileage, verified by a Notary Public. The process involves the vehicle owner personally appearing before the notary to declare the vehicle's mileage, which is then recorded along with the vehicle's year, make, model, and Vehicle Identification Number (VIN). This act is not just a mere formality but a critical step in safeguarding against odometer fraud, providing peace of mind for both buyer and seller. The form requires the signature of the registered owner and the notary public, alongside the commission expiry date of the notary, ensuring legal validation. With this document, transparency is promoted in the transaction, making it an indispensable part of vehicle sales that protects all parties involved.

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ODOMETER DISCLOSURE STATEMENT

I, ____________________________, a Notary Public in the state of ______________________,

in the county of _________________, have personally verified the mileage of _______________

(miles) on this__________ (year) ________________ (make) _________________ (model)

_____________________________ (VIN) belonging to ____________________________ on

this _______ day of _____________, 2015. _______________________________, owner,

personally appeared and proved to me on the basis of satisfactory evidence to be the person whose name is subscribed to within this instrument.

__________________________________

___________________

Registered Owner

Date

S

 

E

________________________________

 

Notary Public

A

 

 

My commission expires on ____________________

L

 

Form Specifications

Fact Name Detail
Utilization Purpose This form is used to officially record the mileage of a vehicle at the time of its sale or transfer to ensure the accuracy of the odometer reading.
Notary Public's Role A Notary Public verifies the identity of the signer and the mileage stated, ensuring that the odometer disclosure is properly witnessed and authenticated.
Information Required The form requires detailed information including the make, model, year, VIN (Vehicle Identification Number), and exact mileage of the vehicle, along with the owner's signature and the date.
Prevention of Fraud By accurately recording the vehicle's mileage, the form helps prevent odometer fraud, protecting both buyers and sellers in the vehicle transaction process.
Governing Law(s) The requirement for an odometer disclosure statement is mandated by federal law in the United States, specifically under the Truth in Mileage Act of 1986, along with various state-specific regulations that may apply.

Notarized Odometer Statement: Usage Guidelines

Filling out a Notarized Odometer Statement form is an important step when transferring vehicle ownership. It's a straightforward process but requires attention to detail. The purpose of this form is to officially record the vehicle's mileage at the time of sale, as verified by a Notary Public. Let's walk through the steps to fill it out correctly, so the document is ready for the next part of the vehicle transaction process.

  1. Start by entering your full name in the first blank line, where it reads "I, ____________________________, a Notary Public in the state of ___."
  2. In the next blank space, fill in the name of the state where the notarization is taking place.
  3. Next, write the county's name where the notarization occurs in the space provided.
  4. Enter the vehicle's mileage in miles where it says "have personally verified the mileage of _______________ (miles)."
  5. Fill in the year of the vehicle next to the mileage you just entered.
  6. Proceed to write down the make of the vehicle following the year.
  7. Next, write the model of the vehicle after its make.
  8. For the Vehicle Identification Number (VIN), fill in the corresponding blank space.
  9. Enter the name of the vehicle's owner in the space provided after the VIN information.
  10. After detailing the vehicle, record the current date in the next blank, starting with the day, then the month, and lastly, the year 2015.
  11. The vehicle owner needs to sign their name where it indicates, "_______________________________, owner."
  12. The "Registered Owner Date" section should be filled in with the date the owner signs the document.
  13. Lastly, the Notary Public must sign and seal the form, entering their commission's expiration date in the specified area.

Once the Notarized Odometer Statement form is completely filled out and signed by both the registered owner and the Notary Public, it serves as a verified record of the vehicle's mileage at the time of sale. This document is crucial for the next steps in the vehicle transaction, ensuring that all parties acknowledge the mileage the car had at the time of the sale. It's essential for both legal and record-keeping purposes in the transfer of ownership.

Your Questions, Answered

What is a Notarized Odometer Statement?

A Notarized Odometer Statement is an official document that verifies the mileage of a vehicle at a specific point in time. This document is validated by a Notary Public to ensure authenticity. It serves as a reliable record for both buyers and sellers in the transfer of ownership, providing clear proof of the vehicle's mileage.

Why do I need to get the Odometer Statement notarized?

Getting the Odometer Statement notarized adds an extra layer of legality and trust to the document. It confirms that the parties signing the document are who they claim to be and that the information provided, particularly the odometer reading, is accurate. Notarization helps protect against fraud and ensures the transaction stands up to legal scrutiny.

Who needs to be present at the notarization of the Odometer Statement?

During the notarization of the Odometer Statement, both the vehicle's owner and the Notary Public need to be present. The owner is required to provide a valid form of identification for the notary to verify their identity. The Notary Public then witnesses the owner signing the document, thereby making it official.

What information do I need to provide for a Notarized Odometer Statement?

To complete a Notarized Odometer Statement, one must provide the vehicle's year, make, model, Vehicle Identification Number (VIN), and the current odometer reading. Additionally, the owner's personal information and signature are required. The Notary Public will fill out their section, including their seal and the expiration date of their commission.

How can I find a Notary Public for my Odometer Statement?

Finding a Notary Public can be relatively straightforward. They are often available at banks, legal offices, shipping stores, or through local or state government offices. Today, many services also offer mobile notaries who can come to you, or online notarization, depending on the laws of your state.

Is there a standard form for all states?

While the practice of disclosing odometer readings is federally mandated, specific requirements for the form may vary by state. It's important to check with your local Department of Motor Vehicles (DMV) or equivalent agency to ensure you are using the correct form and following state-specific procedures.

What happens if I don't get an Odometer Statement when buying a vehicle?

Skipping the process of obtaining a notarized Odometer Statement can lead to significant issues down the line. It opens the door to odometer fraud, making it difficult to prove if the mileage was tampered with after purchase. This could affect the vehicle's value, lead to legal complications, and potentially invalidate certain warranties or insurance claims.

Can an Odometer Statement be corrected if a mistake is made?

Yes, corrections are possible, but it's best to avoid errors in the first place. If a mistake is made, a new Odometer Disclosure Statement should be filled out correctly and re-notarized. Both the buyer and seller should keep copies of both the initial and corrected documents for their records to prevent any future disputes or misunderstandings.

Common mistakes

  1. Providing Inaccurate Information: One key mistake is inaccurately entering the mileage. People often rush, leading to mistakes in recording the correct odometer reading. This discrepancy can cause future legal issues or misunderstandings about the vehicle’s condition.

  2. Signature Missteps: Another common error involves the signature part. Sometimes, individuals either forget to sign the form or their signature doesn't match the one on their identification. This oversight can invalidate the document, requiring a redo of the process.

  3. Misdating the Document: Incorrectly dating the document is a frequent mistake. Whether it’s entering a wrong year, month, or day, such an error can question the document's authenticity and potentially nullify its intended purpose.

  4. Omitting Vehicle Information: Failing to complete all the required fields about the vehicle, such as its make, model, or VIN, is another oversight. This incomplete information might not only make the statement incomplete but also raise questions about the vehicle's identity.

In summary, paying close attention to details is crucial when filling out a Notarized Odometer Statement. It's easy to make mistakes, but each one can have significant implications. Always double-check the mileage, ensure signatures are correct and match official IDs, accurately date the document, and provide complete vehicle information to avoid common errors.

Documents used along the form

The process of buying, selling, or updating the records of a vehicle involves more than just the Notarized Odometer Statement form. This particular document serves a crucial role in ensuring the accuracy of the vehicle's mileage, which protects both the buyer and the seller from potential fraud. However, several other documents are often required to complete these transactions seamlessly.

  • Bill of Sale: This document acts as a receipt for the transaction between the buyer and the seller. It includes details such as the purchase price, date of sale, and information about the vehicle. The Bill of Sale is essential for the legal transfer of ownership.
  • Title Transfer Form: The title of a vehicle proves who owns it. When a vehicle is sold or given to a new owner, the title must be updated. The Title Transfer Form is necessary to officially change the vehicle's ownership records.
  • Registration Application: Vehicles must be registered with the appropriate state or local authorities. A Registration Application form is used to either apply for a new registration or to update an existing registration after a sale or transfer of ownership.
  • Loan Agreement: If the vehicle is being purchased with a loan, a formal Loan Agreement may be required. This document outlines the terms of the loan, including the repayment schedule, interest rates, and the rights and obligations of both parties.
  • Insurance Proof: Proof of insurance is often required to complete the sale or transfer of a vehicle. This document verifies that the vehicle is covered by a current insurance policy as required by law.
  • Sales Tax Form: When a vehicle is sold, sales tax may apply. The Sales Tax Form is used to calculate and record any taxes owed as a result of the sale. This is necessary for compliance with state and local regulations.
  • Vehicle History Report: A Vehicle History Report provides comprehensive information about the vehicle's past, including any accidents, previous owners, and maintenance records. While not always required, it is highly recommended to ensure transparency in the transaction.

Together with the Notarized Odometer Statement, these documents form a comprehensive package that ensures the legality and transparency of vehicle transactions. Ensuring that all these documents are properly filled out and submitted where applicable is critical for a smooth and legally compliant transfer of ownership or update of vehicle records.

Similar forms

When dealing with a Notarized Odometer Statement, it's helpful to understand that several other legal documents share similarities in terms of functionality, purpose, or the process involved. Here are seven such documents:

  • Bill of Sale: Just like the Notarized Odometer Statement, a Bill of Sale is critical when transferring ownership of property, such as vehicles. It serves as proof of transaction and typically includes important information about the sale, similar to the odometer reading to ensure transparency.

  • Vehicle Title: The process of updating a vehicle title often requires verification of the odometer reading. This is because the title must accurately reflect the vehicle's mileage, similar to the purpose of the Notarized Odometer Statement, ensuring the buyer is aware of the car's true condition.

  • Loan Agreement: This document outlines the terms, conditions, and responsibilities of a loan, similar to how the Notarized Odometer Statement specifies the condition (mileage) of the vehicle at the time of sale, protecting the interests of the buyer and lender.

  • Power of Attorney: A Power of Attorney allows someone to act on behalf of another, often in transactions or legal matters. This can include signing documents like the Notarized Odometer Statement, which needs to be signed by the vehicle owner or their authorized representative.

  • Warranty Deed: Similar to the Notarized Odometer Statement, a Warranty Deed is used in transactions to provide assurance from the seller to the buyer. It guarantees clear property title, contrasting with the odometer statement's guarantee of accurate mileage.

  • Promissory Note: This is an agreement to pay back a loan, and while it deals with money rather than vehicle conditions, it's similar in the aspect of needing accurate, transparent information for trust-based transactions. Both documents provide security and reassurance to the parties involved.

  • Lease Agreement: A Lease Agreement lists terms under which one party agrees to rent property from another. It's similar to an Odometer Statement in that it's essential for detailing the condition and expectations regarding a valuable asset, ensuring both parties agree on its status.

Understanding these documents' relationships and how they interact in legal and transactional contexts can provide a clearer picture of the importance of truthful, accurate disclosures in various aspects of commerce and law.

Dos and Don'ts

When filling out a Notarized Odometer Statement form, it's essential to ensure that the information is accurate and complete. Paying attention to details can make the process smoother and more effective. Here are some tips on what you should and shouldn't do:

Do:

  • Double-check the vehicle's mileage before filling out the form to ensure accuracy. Mistakes here can lead to legal issues or complications in the vehicle sale process.

  • Ensure the notary public is authorized in your state and is currently in good standing. The authenticity of the document heavily relies on the notary's legitimacy.

  • Verify all vehicle information, including the year, make, model, and VIN, to ensure they match the vehicle's registration documents.

  • Use black or blue ink to fill out the form as these colors are standard for legal documents and ensure legibility and durability.

  • Include the current date when the document is being notarized to accurately reflect when the odometer reading was confirmed.

  • Retain a copy of the notarized document for your records. It can serve as proof in case of any future disputes regarding the vehicle's mileage.

Don't:

  • Rush through the process. Taking the time to accurately fill out each section can prevent legal headaches down the road.

  • Leave blank spaces. If a section does not apply, mark it with N/A (not applicable). Blank spaces can lead to questions about the document's integrity.

  • Use correction fluid or tape. Errors should be neatly crossed out with a single line, and the correct information should be initialed by both the owner and notary.

  • Forget to have the vehicle owner and the notary public sign and date the form. Unsigned or undated documents are not legally binding.

  • Ignore state-specific requirements. Some states might have additional requirements for odometer disclosure statements, so it's important to verify with local laws.

  • Attempt to falsify information. Tampering with odometer readings or providing false information is illegal and carries severe penalties.

Misconceptions

There are several common misconceptions about the Notarized Odometer Statement form. Understanding these can help ensure the process of documenting a vehicle's mileage is handled correctly.

  • Any Notary Public can notarize the form: This is not always the case. While a Notary Public generally has the authority to notarize documents, certain states may have specific requirements or restrictions regarding vehicle-related documents, including the Notarized Odometer Statement. It's vital to confirm that the Notary Public has the appropriate authority in the state where the transaction is taking place.
  • The form is only a formality and does not require accurate information: This is a dangerous misconception. The Notarized Odometer Statement is a crucial document that serves to legally attest to the mileage of a vehicle at the time of sale. Providing inaccurate information, or attempting to deceive through this form, can lead to serious legal consequences, including fraud charges. Accurate and honest disclosure is required.
  • The form is universally accepted in any state: Although many states offer a similar form for odometer disclosure, requirements can vary from state to state. Some states may have specific forms that must be used, or additional disclosures or information may be required beyond what is provided in the standard Notarized Odometer Statement form. To avoid issues, it’s essential to use the correct form and follow the requirements of the state where the vehicle is being registered.
  • The Notarized Odometer Statement is only needed for older vehicles: This misconception stems from the belief that newer vehicles, with digital odometers, are less susceptible to tampering and therefore do not require such formal documentation. However, the Notarized Odometer Statement is necessary regardless of the vehicle's age to provide a verified record of the vehicle’s mileage at the time of sale, offering protection for both buyer and seller. States require odometer disclosure for vehicles of certain ages, typically up to 10 years, but this can vary.

Understanding these misconceptions is crucial for anyone involved in the sale or purchase of a vehicle, ensuring that the process complies with legal requirements and protects the interests of all parties involved.

Key takeaways

The Notarized Odometer Statement form is a crucial document for various transactions involving vehicles. Understanding the key aspects of how to fill out and use this form properly can help ensure transparency and legality in these transactions. Here are nine key takeaways to guide you through this process:

  • Accuracy is paramount when filling out the odometer reading on the vehicle. It is essential that the mileage reported is exact to maintain the integrity of the document.
  • The form requires full identification of the vehicle, including the year, make, model, and Vehicle Identification Number (VIN). This information helps in clearly identifying the vehicle in question.
  • Details of the owner of the vehicle must be correctly entered, as any discrepancy may lead to legal complications or the document being invalidated.
  • The statement must be notarized to be considered legally binding. This adds a layer of verification and credibility to the odometer reading.
  • A Notary Public must verify the identity of the individual presenting the form, confirming that they are the rightful owner or authorized representative of the vehicle.
  • The date on which the notarization takes place should be accurately recorded. Incorrect dating can invalidate the document or cause issues in future transactions.
  • The Notary Public must provide details of their commission, including the expiration date, to ensure they are authorized to notarize the document at the time of signing.
  • Ensure that all parties involved, including the registered owner and Notary Public, sign and seal the document as required. An unsigned or unsealed document may not be recognized in legal contexts.
  • This form is often required for buying, selling, or transferring ownership of a vehicle. It serves as a protective measure against odometer fraud, helping both buyers and sellers ensure the accuracy of the mileage claimed.

By following these key points, individuals can confidently partake in transactions involving their vehicles, equipped with the knowledge to ensure the completeness and legality of the Notarized Odometer Statement form.