Fill Out Your Texas Odometer Statement Form Make My Texas Odometer Statement Online

Fill Out Your Texas Odometer Statement Form

The Texas Odometer Statement form, officially known as VTR-40, is a document required during the transfer of vehicle ownership. This form ensures that the mileage is accurately reported, as federal and state laws mandate disclosure of odometer readings. Failing to complete this form correctly can lead to serious legal consequences, including fines and imprisonment.

Form Sample

(Seller/Agent Name)

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.

Street Address

City

State

Zip Code

WARNING: TRANSPORTATION CODE, §501.155, PROVIDES THAT FALSIFYING INFORMATION ON ANY REQUIRED STATEMENT OR APPLICATION IS A THIRD-DEGREE FELONY.

Misconceptions

Here are five common misconceptions about the Texas Odometer Statement form:

  • It can be used for title transfers. Many believe the Odometer Statement can accompany title transfer documents. However, it cannot be used with titles issued on or after April 29, 1990, as those documents already meet federal and state odometer disclosure requirements.
  • Only the seller needs to sign the form. Some think that only the seller's signature is necessary. In reality, both the seller and the buyer must acknowledge the odometer disclosure by signing the form.
  • Providing false information is a minor issue. There is a misconception that inaccuracies on the form will not have serious consequences. In fact, falsifying information can lead to fines or imprisonment, as it is considered a third-degree felony under Texas law.
  • The form is optional. Many individuals assume that completing the Odometer Statement is optional. On the contrary, federal and state law mandates that the mileage must be disclosed when transferring ownership of a vehicle.
  • Only the current mileage needs to be reported. Some believe they only need to report the current odometer reading. However, if the mileage exceeds mechanical limits or is not accurate, these situations must also be disclosed by checking the appropriate statements on the form.

Key takeaways

When filling out the Texas Odometer Statement form, it is crucial to understand its importance in the vehicle transfer process. Here are key takeaways to keep in mind:

  • Mandatory Disclosure: Federal and state laws require that the mileage be accurately stated during the transfer of vehicle ownership. This is not just a formality; it is a legal requirement.
  • Consequences of Inaccuracy: Providing false information or failing to complete the form can lead to serious penalties, including fines and potential imprisonment.
  • Not for Title Transfers: The Texas Odometer Statement cannot be used alongside title transfer documents that already meet federal and state odometer disclosure requirements. Ensure you are using the correct forms for your transaction.
  • Certification of Mileage: The seller or agent must certify that the odometer reading reflects the actual mileage of the vehicle. If there are discrepancies, specific statements must be checked to indicate this.
  • Buyer Acknowledgment: The buyer or agent must acknowledge the odometer disclosure made by the seller. This step is essential for ensuring that both parties are aware of the odometer reading and any potential discrepancies.

Completing the Texas Odometer Statement accurately is vital for a smooth vehicle transfer process. Take the time to review the form and ensure all information is correct before finalizing the transaction.

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