Collin Texas Odometer Statement is a legal document required by the Texas Department of Motor Vehicles (DMV) to provide accurate information about the mileage of a vehicle during the transfer of ownership. This statement is crucial in preventing odometer fraud and ensuring transparency in vehicle transactions. The purpose of the Collin Texas Odometer Statement is to protect both buyers and sellers by documenting the mileage at the time of sale or transfer. This statement acts as a written declaration by the seller, confirming the mileage on the vehicle's odometer is true and accurate to the best of their knowledge. By signing this statement, the seller acknowledges that they have not tampered with or altered the odometer reading. There are primarily two types of Collin Texas Odometer Statements: 1. Individual Seller Statement: This type of statement is used when the vehicle is sold by an individual seller, privately or outside a dealership. It requires the seller to disclose the current mileage, the date of sale, their name, and signature. In addition, the buyer's name, address, and signature are also recorded. 2. Dealer Statement: Dealerships or licensed motor vehicle dealers use this type of statement when selling vehicles. Along with the same information required in the individual seller statement, the dealer statement also captures crucial details such as the dealer's license number, the vehicle identification number (VIN), and dealership information. The statement remains valid for a period of 90 days from the date of sale. Keywords: Collin Texas Odometer Statement, Texas Department of Motor Vehicles, mileage, transfer of ownership, odometer fraud, transparency, vehicle transactions, buyers, sellers, written declaration, vehicle's odometer, true and accurate, tampered, altered, individual seller statement, dealership, licensed motor vehicle dealer, disclosure, current mileage, date of sale, name, signature, buyer's name, buyer's address, VIN, dealer's license number, dealership information.
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.