The Texas Odometer Statement form is a crucial document required during the transfer of vehicle ownership. It ensures that the mileage reported is accurate, protecting both buyers and sellers from potential legal issues. Completing this form accurately is essential, as failure to do so may lead to fines or other penalties.
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The Texas Odometer Statement form, officially known as VTR-40, plays a crucial role in the transfer of vehicle ownership within the state. This document is essential for both sellers and buyers, as it ensures that the mileage of the vehicle is accurately disclosed. By law, both federal and state regulations require the seller to provide the correct odometer reading at the time of sale. Failure to do so can lead to serious consequences, including fines or even imprisonment. The form includes important details such as the vehicle's year, make, model, body style, and the Vehicle Identification Number (VIN). Additionally, the seller must certify that the odometer reading reflects the actual mileage unless specific exceptions are noted, such as if the mileage exceeds the mechanical limits or if the odometer reading is inaccurate. Buyers are also required to acknowledge the odometer disclosure, ensuring transparency in the transaction. It is important to note that this form cannot be used alongside title transfer documents that meet federal and state odometer disclosure requirements, particularly for titles issued on or after April 29, 1990. Understanding this form is vital for anyone involved in buying or selling a vehicle in Texas.
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When filling out the Texas Odometer Statement form, it’s essential to keep a few key points in mind to ensure compliance and avoid potential issues.
ODOMETER DISCLOSURE
STATEMENT
VTR-40 (Rev. 11/09)
DHT # 142235
Federal and State Law require that you state the mileage in connection with the transfer of ownership. Failure to complete or providing a false statement may result in fines and/or imprisonment. This form may not be used in conjunction with title transfer documents, which comply with federal and state odometer disclosure requirements such as Texas Certificate of Titles issued on or after April 29, 1990.
VEHICLE DESCRIPTION
Year
Make
Body Style
Model
Vehicle Identification Number
I, ______________________________________________, certify to the best of my knowledge that the odometer reading is
the actual mileage of the vehicle described above unless one of the following statements is checked:
Odometer
Reading
(No Tenths)
1.The mileage stated is in excess of its mechanical limits.
2.The odometer reading is not the actual mileage.
WARNING – ODOMETER DISCREPANCY.
Date ofSignature of Seller/AgentPrinted Name (Same as Signature) Statement
If titled in a firm’s name, print the firm’s name on the line above.
Street Address
City
State
Zip Code
ACKNOWLEDGMENT OF ODOMETER DISCLOSURE BY BUYER/AGENT
I am aware of the above odometer certification made by the seller/agent.
Date of
Signature of Buyer/Agent
Printed Name (Same as Signature)
Statement
If purchased by a firm, print the firm’s name on the line above.
WARNING: TRANSPORTATION CODE, §501.155, PROVIDES THAT FALSIFYING INFORMATION ON ANY REQUIRED STATEMENT OR APPLICATION IS A THIRD-DEGREE FELONY.