Federal law requires the following information on odometer disclosure statement forms: vehicle mileage at the time of transfer; the names and addresses of the transferor and transferee; and the vehicle's identifying details. The identifying details include the vehicle's make, model, year, body type and vehicle identification number. Both the transferor and transferee must sign a statement certifying that the odometer reading is correct.Continue Reading
When an individual transfers ownership of a car to another person, she must complete an odometer disclosure form. Individuals can obtain these forms from their state's motor vehicle agency. Some states do not have a separate form and instead require individuals to enter the odometer reading on the certificate of title or registration form.
Odometer fraud, in which an individual tampers with the odometer to make it seem as though the car has lower mileage, is a serious problem. The National Highway Traffic Safety Administration conducted a study in 2002, which found that as many as 450,000 vehicles are sold each year with tampered odometers. Odometer disclosure forms are an effort by federal and state governments to provide car mileage information to consumers as well as create a record of odometer readings to assist in fraud investigations.Learn more about Buying & Selling