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When transferring ownership of a vehicle in Texas, one crucial document that comes into play is the Texas Odometer Statement form, officially known as VTR-40. This form serves as a vital tool to ensure transparency regarding the vehicle's mileage at the time of sale. Under both federal and state law, it is mandatory to accurately disclose the odometer reading, which protects both buyers and sellers from potential fraud. The form requires the seller or their agent to provide specific information, including the vehicle's description—year, make, model, and the Vehicle Identification Number (VIN). Additionally, the seller must certify that the mileage stated is accurate, unless they indicate otherwise by checking one of the predefined statements, such as if the mileage exceeds mechanical limits or if the reading is not the actual mileage. It is essential to note that failure to complete this form truthfully can lead to severe consequences, including fines or even imprisonment, as falsifying information on this document is classified as a third-degree felony under Texas law. Moreover, this form cannot be used alongside title transfer documents that already meet the federal and state odometer disclosure requirements, particularly for titles issued on or after April 29, 1990. The acknowledgment section allows the buyer or their agent to confirm awareness of the odometer certification, further solidifying the integrity of the transaction.

Similar forms

  • Vehicle Title Transfer Form: Similar to the Texas Odometer Statement, this document also requires disclosure of the vehicle's mileage at the time of ownership transfer. It serves as a formal record of the change in ownership and includes essential vehicle details.
  • Dnd Character Sheet: Essential for players, the OnlineLawDocs.com provides an organized platform to manage character details, enhancing gameplay and ensuring that all vital information is easily accessible.
  • Bill of Sale: A Bill of Sale outlines the transaction details between the buyer and seller. Like the Odometer Statement, it may include the vehicle's mileage and confirms the seller's representation of the vehicle's condition.
  • Vehicle Registration Application: This document is submitted to register a vehicle with the state. It often requires odometer readings, ensuring that the mileage is recorded accurately for the vehicle's history.
  • Odometer Disclosure Statement (Federal Form): This federal form is used in various states and serves a similar purpose. It mandates that the seller disclose the vehicle's mileage, helping to prevent fraud in the sale of used vehicles.
  • State-Specific Odometer Disclosure Forms: Many states have their own versions of odometer disclosure forms. These documents share the same goal of ensuring accurate mileage reporting during vehicle sales and transfers, similar to the Texas Odometer Statement.

Guidelines on Writing Texas Odometer Statement

Completing the Texas Odometer Statement form is a straightforward process that ensures transparency in the transfer of vehicle ownership. Once the form is filled out correctly, it will help facilitate the necessary legal requirements for both the seller and the buyer. Follow these steps to ensure accuracy and compliance.

  1. Begin by entering the Seller/Agent Name at the top of the form.
  2. In the Vehicle Description section, fill in the following details:
    • Year
    • Make
    • Body Style
    • Model
    • Vehicle Identification Number (VIN)
  3. Provide the Odometer Reading (without tenths) as it appears on the vehicle.
  4. Certify the accuracy of the odometer reading by signing your name in the Signature of Seller/Agent section.
  5. Print your name in the Printed Name section, ensuring it matches your signature.
  6. If the vehicle is titled in a firm’s name, print the firm’s name on the designated line.
  7. Fill in your Street Address, City, State, and Zip Code in the appropriate fields.
  8. In the Acknowledgment of Odometer Disclosure by Buyer/Agent section, the buyer or agent must sign and date the form.
  9. Print the buyer’s name in the Printed Name section, matching the signature.
  10. If the purchase is made by a firm, print the firm’s name on the designated line.
  11. Lastly, provide the Street Address, City, State, and Zip Code for the buyer or agent.
Free Texas Odometer Statement PDF

Form Data

Fact Name Details
Form Title The form is officially known as the Odometer Disclosure Statement, VTR-40.
Governing Laws This form complies with both Federal and Texas state laws regarding odometer disclosures.
Purpose The form is required to disclose the vehicle's mileage during ownership transfer.
Consequences of False Information Providing false information can lead to fines and/or imprisonment.
Use Restrictions The form cannot be used with title transfer documents that meet federal and state requirements.
Odometer Reading Odometer readings must be reported without tenths of a mile.
Discrepancy Warning There is a warning about potential discrepancies in the odometer reading.
Legal Penalty According to Transportation Code, §501.155, falsifying information is a third-degree felony.

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