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ODOMETER DISCLOSURE STATEMENT VTR40 (Rev. 11/09) DHT # 142235Federal and State Law require that you state the mileage in connection with the transfer of ownership. Failure to complete or providing.

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Since the mileage of a vehicle is not only stored in the odometer but also in its engine control units, we can learn the car's real mileage and detect odometer discrepancies. This is regardless of whether the car has a digital odometer or a mechanical odometer.

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.

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.

In the state of Texas once a vehicle is over 10 years old, the mileage becomes exempt on the title. If you purchase a vehicle and the word EXEMPT appears in the top right hand corner of the title, you know that the vehicle in question has been bought/sold at least once.

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.

The federal Truth in Mileage Act (TIMA) requires motor vehicle sellers provide an odometer disclosure statement at the time of sale or transfer of ownership. This is one of the many forms a car buyer signs when buying a vehicle; it is the seller stating clearly how many miles are on the vehicle and the buyer agreeing.

Exempt from Odometer Disclosure. The vehicle falls within criteria that allow it to change ownership without disclosure of the odometer reading. Exempt. Exceeds Mechanical Limits. The odometer reading is less than the true mileage of the vehicle because the odometer cannot display the total number of true miles.

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© Copyright 1997-2025
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Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
DMCA Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
All Forms
Search all Forms
Industries
Forms in Spanish
Localized Forms
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232