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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

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E

________________________________

 

Notary Public

A

 

 

My commission expires on ____________________

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Documents used along the form

When completing a vehicle transaction, several forms may accompany the Notarized Odometer Statement. Each document serves a specific purpose in ensuring that the sale is legal and transparent. Below is a list of commonly used forms in conjunction with the Notarized Odometer Statement.

  • Bill of Sale: This document acts as a receipt for the transaction. It includes details about the buyer, seller, vehicle, and sale price, providing proof of the transfer of ownership.
  • Title Transfer Form: This form is essential for officially changing the ownership of the vehicle. It must be completed and submitted to the Department of Motor Vehicles (DMV) to update the vehicle's title records.
  • Vehicle Registration Application: This application is necessary for registering the vehicle in the new owner's name. It typically requires information about the vehicle and the owner, along with payment of registration fees.
  • Emissions Certification: In many states, this document verifies that the vehicle meets environmental standards. It may be required before a vehicle can be registered or sold.
  • Power of Attorney: If the seller cannot be present for the transaction, a power of attorney form allows another person to act on their behalf. This can be crucial for completing the sale legally.
  • Insurance Verification: Proof of insurance may be required to register the vehicle. This document shows that the new owner has obtained the necessary insurance coverage.
  • Divorce Settlement Agreement: For those undergoing a divorce, the detailed Divorce Settlement Agreement documentation outlines agreements on asset division, custody, and obligations.
  • Affidavit of Non-Use: If the vehicle has not been used for a certain period, this affidavit can confirm that it has not been driven. This may be relevant for tax purposes or to avoid penalties.

Each of these documents plays a vital role in the vehicle sale process. Ensuring that all necessary forms are completed accurately can help prevent future complications and protect both the buyer and seller.

Similar forms

The Notarized Odometer Statement form serves a specific purpose in vehicle transactions, primarily to disclose the mileage of a vehicle. However, there are several other documents that share similarities with this form in terms of their function and the information they convey. Here are seven such documents:

  • Vehicle Title: This document proves ownership of the vehicle and often includes information about the odometer reading at the time of transfer. Like the Notarized Odometer Statement, it helps prevent fraud by ensuring accurate mileage disclosure.
  • Bill of Sale: A bill of sale is a legal document that records the sale of a vehicle. It typically includes details about the vehicle, including the odometer reading, similar to the Notarized Odometer Statement, providing a record of the transaction.
  • Durable Power of Attorney: This document allows you to appoint an agent to manage your financial affairs when you are unable to do so yourself. It is essential to ensure your interests are protected, much like other critical documents in the vehicle transfer process, including the Durable Power of Attorney.
  • Odometer Disclosure Statement: This is a federal requirement in many states when transferring vehicle ownership. It serves the same purpose as the Notarized Odometer Statement, ensuring that the buyer is aware of the vehicle's mileage at the time of sale.
  • Vehicle Registration Application: When registering a vehicle, this application often requires the submission of the current odometer reading. This document helps maintain accurate records, just like the Notarized Odometer Statement.
  • Transfer of Title Form: This form is used to officially transfer ownership of a vehicle from one party to another. It usually includes the odometer reading, ensuring that both parties are aware of the mileage, much like the Notarized Odometer Statement.
  • Warranty Deed: While primarily used in real estate transactions, a warranty deed ensures that the seller has clear title to the property. It shares a similar function of verifying ownership and condition, akin to the Notarized Odometer Statement in vehicle sales.
  • Affidavit of Ownership: This document is often used when the original title is lost. It serves to affirm the ownership of the vehicle and may include the odometer reading, similar to how the Notarized Odometer Statement confirms mileage and ownership.

Understanding these documents can help you navigate vehicle transactions more confidently. Each one plays a vital role in ensuring transparency and protecting the interests of both buyers and sellers.

Misconceptions

Misconceptions about the Notarized Odometer Statement form can lead to confusion. Here are ten common misunderstandings:

  1. Notarization is optional. Many people believe that notarizing the odometer statement is not necessary. In fact, notarization is often required to validate the document, especially in certain states.
  2. Only the seller needs to sign. Some think that only the seller's signature is required. However, both the seller and the buyer may need to sign the statement, depending on local regulations.
  3. The notary checks the accuracy of the mileage. It is a common belief that the notary verifies the actual mileage on the vehicle. The notary only verifies the identities of the parties involved and their signatures, not the mileage itself.
  4. It can be completed at any time. Some individuals think they can fill out the form at their convenience. The form should be completed at the time of sale to ensure accuracy and compliance with legal requirements.
  5. All states have the same requirements. There is a misconception that the notarization process is uniform across all states. In reality, each state has its own laws regarding odometer disclosure and notarization.
  6. It is only for used vehicles. Many believe that the odometer statement is only necessary for used cars. However, it can also be required for certain new vehicle transactions.
  7. The form is only needed for private sales. Some people think that notarized odometer statements are only necessary for private sales. However, dealerships may also require them for compliance with state laws.
  8. There is a standard form used nationwide. It is often assumed that there is one universal form for odometer disclosure. In fact, forms can vary by state, and it is important to use the correct version for your jurisdiction.
  9. Once notarized, it cannot be changed. Some individuals believe that after notarization, the document is set in stone. However, if there are errors, it may be possible to correct them with a new statement, but this should be done with care.
  10. Notarization guarantees the accuracy of the information. There is a misconception that notarization ensures all information on the form is accurate. Notarization only confirms the identity of the signers; it does not verify the truthfulness of the content.

Understanding Notarized Odometer Statement

  1. What is a Notarized Odometer Statement?

    A Notarized Odometer Statement is a legal document that certifies the mileage on a vehicle at the time of sale or transfer. This statement is typically required when a vehicle is being sold, especially for used cars, to prevent fraud related to odometer readings.

  2. Why is a Notarized Odometer Statement necessary?

    The primary purpose of this statement is to ensure transparency in the sale of a vehicle. It protects both the seller and the buyer by providing an official record of the vehicle's mileage. This helps to avoid disputes and potential legal issues regarding the vehicle's value and condition.

  3. Who needs to complete a Notarized Odometer Statement?

    Typically, the seller of the vehicle is responsible for completing the Notarized Odometer Statement. However, it is also important for the buyer to review the statement to ensure that the mileage reported matches their expectations and any prior documentation.

  4. What information is required on the form?

    The form must include several key pieces of information:

    • The name of the notary public
    • The state and county where the notarization takes place
    • The verified mileage of the vehicle
    • The year, make, model, and Vehicle Identification Number (VIN) of the vehicle
    • The name of the vehicle owner
    • The date of the notarization
  5. How is the Notarized Odometer Statement executed?

    The process involves the vehicle owner appearing before a notary public. The notary will verify the identity of the owner and confirm the mileage of the vehicle. Once verified, the notary will complete the form and provide their signature and seal, making the document official.

  6. Is there a fee for notarizing the Odometer Statement?

    Yes, notaries often charge a fee for their services, which can vary by state and notary. It is advisable to check with the notary beforehand regarding their fees and any additional requirements they may have.

  7. Where should the Notarized Odometer Statement be submitted?

    After the form is completed and notarized, it should be kept with the vehicle's records. In some cases, it may need to be submitted to the Department of Motor Vehicles (DMV) or included with other paperwork during the vehicle title transfer process. Always check local regulations for specific requirements.