The Texas Odometer Statement is a legal document used in the state of Texas to disclose accurate information about a vehicle's mileage when selling, transferring, or applying for a title on a motor vehicle. This statement is crucial in preventing odometer fraud and ensuring transparency in vehicle transactions. The Texas Department of Motor Vehicles (DMV) requires all sellers to complete the Texas Odometer Statement, officially known as Form VTR-40, when transferring ownership of a motor vehicle. This form is available on the DMV website and must be completed accurately and honestly by both the seller and buyer. Form VTR-40 includes various fields that need to be filled out, which include: 1. Vehicle Information: The form requires detailed information about the vehicle, such as make, model, year, vehicle identification number (VIN), license plate number, and any other necessary details that can help accurately identify the vehicle in question. 2. Odometer Reading: The most crucial aspect of the Texas Odometer Statement is the accurate reporting of the vehicle's mileage. This section requires the seller to disclose the mileage on the vehicle's odometer at the time of sale or transfer. It is essential that the reading is precise and not tampered with, as any false reporting may lead to legal consequences. 3. Mileage Disclosure: The statement also requires the seller to indicate whether the mileage shown on the odometer is the actual mileage, or if it is not the actual mileage, to provide an explanation as to why. This disclosure safeguards buyers by prompting sellers to be transparent about any potential discrepancies in the odometer reading. 4. Seller and Buyer Information: The form requires both the seller and buyer to provide their names, addresses, signatures, and driver's license details. This information helps establish the identities of the individuals involved in the vehicle transfer. It is important to note that the Texas Odometer Statement is mandatory for most vehicles, including cars, trucks, motorcycles, trailers, and recreational vehicles, among others. However, it is not required for vehicles that are 10 years old or older or if the vehicle has a Gross Vehicle Weight Rating of more than 16,000 pounds. Additionally, there are no specific types of Texas Odometer Statements with different text variations. The standard Form VTR-40 is used universally for all vehicles requiring this disclosure. In conclusion, the Texas Odometer Statement, known as Form VTR-40, is a crucial document used in vehicle transactions within the state of Texas. It ensures accurate disclosure of a vehicle's mileage, helping prevent odometer fraud and promoting transparency between sellers and buyers.
Para su conveniencia, debajo del texto en español le brindamos la versión completa de este formulario en inglés. For your convenience, the complete English version of this form is attached below the Spanish version.Texas Odometer Statement With Text - Texas Bill of Sale of Automobile and Odometer Statement for As-Is Sale
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Understanding a Texas Odometer Disclosure statement is essential for any car buyer in the state of Texas. This statement contains important information about the mileage of a vehicle, which can help a buyer make an informed decision when purchasing a used car.
Before you start filling out the Odometer Disclosure Statement, you'll need to make sure you have the correct form. In Texas, the form you need is called the ?Texas Motor Vehicle Transfer Notification? (Form VTR-346).
TAMPERING WITH ODOMETER; OFFENSE. (a) A person commits an offense if the person, with intent to defraud, disconnects or resets an odometer to reduce the number of miles indicated on the odometer. (3) both the confinement and fine. (2) a fine not to exceed $2,000.
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.
An odometer disclosure statement is a legal document that states the accurate mileage on a vehicle's odometer at the time of transfer from the seller to the buyer. If the seller knows that the car's mileage is incorrect, the document must contain that information.