Cook Illinois Odometer Statement

• Category: Bills of Sale - Automobiles
• State: Multi-State
• County: Cook
• Control #: US-ODM-1
• Format: Word; Rich Text

Description

This form is a notarized statement prepared by the seller that contains the actual mileage of a vehicle. Federal Law requires the seller of a vehicle to provide mileage upon transfer of ownership. The Cook Illinois Odometer Statement is an important legal document that provides a detailed record of the mileage of a vehicle. It is used to verify and certify the accuracy of the vehicle's odometer reading at the time of sale or transfer in the Cook County, Illinois region. This statement is crucial in preventing odometer fraud, which involves tampering with or misrepresenting the true mileage of a vehicle. The Cook Illinois Odometer Statement typically includes various key pieces of information. It may include details such as the vehicle's make, model, year, identification number (VIN), and the current odometer reading. The statement will also include the date of the odometer reading and the signature of the seller and/or buyer, indicating their agreement and acknowledgment of the accuracy of the mileage stated. In addition to the standard Cook Illinois Odometer Statement, there may be different types of statements depending on the specific circumstances. These can include: 1. Cook Illinois Odometer Disclosure Statement: This statement is required when selling or transferring a motor vehicle in Cook County, Illinois. It provides a written disclosure of the accurate mileage at the time of sale or transfer, ensuring transparency and preventing fraudulent practices. 2. Cook Illinois Odometer Certification Statement: This statement is generally used when a vehicle is being sold or transferred to a new owner. It is a certification that the mileage displayed on the odometer is accurate, and it protects both the buyer and seller from any potential disputes or claims related to the mileage. 3. Cook Illinois Odometer Mileage Statement for Leased Vehicles: This statement is specifically designed for leased vehicles and is required when returning a leased vehicle in Cook County, Illinois. It provides a record of the vehicle's mileage at the end of the lease term, ensuring that the lessee has not exceeded the agreed-upon mileage limit. 4. Cook Illinois Odometer Disclosure Exemption Statement: In certain cases, where the vehicle is exempt from odometer disclosure requirements, this statement can be used. It specifies the reason for the exemption, such as the vehicle's age exceeding a certain threshold, or if the vehicle has a gross weight rating above a specific limit. The Cook Illinois Odometer Statement and its various types play a vital role in protecting both buyers and sellers from odometer fraud. It is essential to accurately complete and retain this document during any vehicle transaction in Cook County, Illinois, to ensure transparency and compliance with legal requirements.

The Cook Illinois Odometer Statement is an important legal document that provides a detailed record of the mileage of a vehicle. It is used to verify and certify the accuracy of the vehicle's odometer reading at the time of sale or transfer in the Cook County, Illinois region. This statement is crucial in preventing odometer fraud, which involves tampering with or misrepresenting the true mileage of a vehicle. The Cook Illinois Odometer Statement typically includes various key pieces of information. It may include details such as the vehicle's make, model, year, identification number (VIN), and the current odometer reading. The statement will also include the date of the odometer reading and the signature of the seller and/or buyer, indicating their agreement and acknowledgment of the accuracy of the mileage stated. In addition to the standard Cook Illinois Odometer Statement, there may be different types of statements depending on the specific circumstances. These can include: 1. Cook Illinois Odometer Disclosure Statement: This statement is required when selling or transferring a motor vehicle in Cook County, Illinois. It provides a written disclosure of the accurate mileage at the time of sale or transfer, ensuring transparency and preventing fraudulent practices. 2. Cook Illinois Odometer Certification Statement: This statement is generally used when a vehicle is being sold or transferred to a new owner. It is a certification that the mileage displayed on the odometer is accurate, and it protects both the buyer and seller from any potential disputes or claims related to the mileage. 3. Cook Illinois Odometer Mileage Statement for Leased Vehicles: This statement is specifically designed for leased vehicles and is required when returning a leased vehicle in Cook County, Illinois. It provides a record of the vehicle's mileage at the end of the lease term, ensuring that the lessee has not exceeded the agreed-upon mileage limit. 4. Cook Illinois Odometer Disclosure Exemption Statement: In certain cases, where the vehicle is exempt from odometer disclosure requirements, this statement can be used. It specifies the reason for the exemption, such as the vehicle's age exceeding a certain threshold, or if the vehicle has a gross weight rating above a specific limit. The Cook Illinois Odometer Statement and its various types play a vital role in protecting both buyers and sellers from odometer fraud. It is essential to accurately complete and retain this document during any vehicle transaction in Cook County, Illinois, to ensure transparency and compliance with legal requirements.