Fill in Your Texas Odometer Statement Template Get Document Here

Fill in Your Texas Odometer Statement Template

The Texas Odometer Statement form, officially known as VTR-40, is a crucial document that ensures accurate mileage reporting when transferring vehicle ownership. This form is mandated by federal and state laws, and failing to provide truthful information can lead to serious consequences, including fines or imprisonment. To ensure compliance and protect your interests, consider filling out the form by clicking the button below.

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Key takeaways

When filling out the Texas Odometer Statement form, it is essential to keep several key points in mind to ensure compliance and avoid potential issues.

  • Accurate Mileage Disclosure: Always provide the actual mileage of the vehicle. Misrepresentation can lead to serious legal consequences.
  • Form Usage: This form cannot be used alongside title transfer documents that already meet federal and state odometer disclosure requirements.
  • Odometer Reading: Report the odometer reading without tenths. This means round down to the nearest whole number.
  • Check Relevant Statements: If applicable, mark whether the odometer reading exceeds mechanical limits or is not actual mileage.
  • Signature Requirements: Both the seller/agent and the buyer/agent must sign and print their names on the form for it to be valid.
  • Firm Name: If the transaction involves a business, include the firm's name where indicated.
  • Legal Consequences: Be aware that falsifying information can result in a third-degree felony charge under Texas law.

By following these guidelines, you can ensure that the Texas Odometer Statement form is filled out correctly and used appropriately during vehicle transactions.

Dos and Don'ts

When filling out the Texas Odometer Statement form, it is important to follow certain guidelines to ensure accuracy and compliance. Here are six things you should and shouldn't do:

  • Do provide the correct vehicle information, including year, make, model, and VIN.
  • Don't leave any sections blank. Every part of the form must be completed.
  • Do certify that the odometer reading is accurate to the best of your knowledge.
  • Don't check the box for odometer discrepancies unless they apply to your situation.
  • Do sign and date the form clearly to validate your statement.
  • Don't provide false information, as this can lead to serious legal consequences.

By following these guidelines, you can help ensure a smooth transaction and avoid potential issues down the line.

Form Overview

Fact Name Details
Form Title ODOMETER DISCLOSURE STATEMENT VTR-40
Revision Date Rev. 11/09
Governing Laws Federal and State Law
Purpose To state the mileage during the transfer of vehicle ownership.
Consequences of False Statement Fines and/or imprisonment may result from providing false information.
Limitations This form cannot be used with title transfer documents after April 29, 1990.
Odometer Reading Requirement The form requires the actual mileage reading without tenths.
Discrepancy Warnings Options exist for noting if mileage exceeds mechanical limits or is not actual.
Legal Reference Transportation Code, §501.155 addresses falsifying information.
Buyer Acknowledgment The buyer/agent must acknowledge the odometer certification by signing.

Common mistakes

  1. Failing to provide the correct odometer reading. The reading must be accurate and reflect the vehicle's actual mileage.

  2. Not signing the form. Both the seller and the buyer must provide their signatures to validate the document.

  3. Leaving out the vehicle identification number (VIN). This number is essential for identifying the specific vehicle involved in the transaction.

  4. Checking the wrong statement regarding odometer discrepancies. Ensure that the correct box is checked if there are issues with the odometer reading.

  5. Providing an incomplete vehicle description. All fields, including year, make, body style, and model, should be filled out completely.

  6. Not including the date of signature. Each party must indicate the date they signed the document.

  7. Using the form in conjunction with title transfer documents that do not comply with federal and state odometer disclosure requirements. This form is specifically for use under certain conditions.

  8. Failing to acknowledge the odometer disclosure by the buyer or agent. The buyer must sign to confirm awareness of the odometer statement.

  9. Neglecting to print names clearly. Both the printed name and the signature must match for validation.

Similar forms

The Texas Vehicle Transfer Notification form serves a similar purpose to the Texas Odometer Statement. This document notifies the Texas Department of Motor Vehicles (DMV) about the transfer of a vehicle's ownership. It requires both the seller and buyer to provide essential details, including their names and addresses, as well as the vehicle's identification number. Like the Odometer Statement, this form is crucial for ensuring that the DMV has accurate records of vehicle ownership, which helps prevent fraud and maintains the integrity of vehicle titles.

In the realm of off-road vehicles, the significance of a well-drafted bill of sale cannot be overstated, much like the necessity for proper documentation in standard vehicle transactions. When acquiring a dirt bike, ensuring a smooth transfer of ownership involves crucial documents such as the Dirt Bike Bill of Sale form, which serves to protect both the buyer and seller. Detailed information about the bike and the terms of the sale must be accurately recorded to prevent any future disputes. To streamline this process, consider utilizing resources like NY PDF Forms for a compliant and hassle-free experience.

The Bill of Sale is another document that shares similarities with the Texas Odometer Statement. This document serves as a receipt for the transaction between the buyer and seller. It typically includes details about the vehicle, such as its make, model, and VIN, along with the sale price and the date of the transaction. While the Bill of Sale does not specifically address odometer readings, it often contains a section where the seller can certify the accuracy of the odometer reading at the time of sale, thereby fulfilling some of the same requirements as the Odometer Statement.

The Application for Texas Title is also akin to the Texas Odometer Statement. This form is required when a vehicle is being titled for the first time or when ownership is being transferred. It includes information about the vehicle and the parties involved in the transaction. While the Application for Texas Title does not explicitly focus on odometer readings, it does require the seller to disclose the odometer reading at the time of the sale, ensuring compliance with federal and state laws regarding mileage disclosure.

Finally, the Federal Odometer Disclosure Statement is a document used nationwide that parallels the Texas Odometer Statement. This form is required for the transfer of ownership of a vehicle and mandates the disclosure of the odometer reading. It also includes options for the seller to indicate if the mileage is inaccurate or exceeds mechanical limits. Just like the Texas Odometer Statement, this federal form aims to protect consumers by ensuring they receive accurate information about a vehicle's mileage history, thereby helping to prevent odometer fraud.

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Your Questions, Answered

What is the Texas Odometer Statement form?

The Texas Odometer Statement form, also known as VTR-40, is a document required during the transfer of vehicle ownership in Texas. It serves to disclose the vehicle's mileage at the time of sale. This form is crucial because both federal and state laws mandate that sellers provide accurate mileage information. Failing to complete this form or providing false information can lead to serious legal consequences, including fines or imprisonment.

When is the Texas Odometer Statement form required?

This form is necessary when transferring ownership of a vehicle. It is particularly important for vehicles that are titled in Texas. However, it cannot be used alongside title transfer documents that already comply with odometer disclosure requirements, such as Texas Certificates of Title issued on or after April 29, 1990.

What information is needed to complete the form?

To complete the Texas Odometer Statement form, you will need the following information:

  • Seller or agent's name
  • Vehicle description, including year, make, body style, model, and Vehicle Identification Number (VIN)
  • Current odometer reading (without tenths)
  • Signature of the seller or agent
  • Date of the transaction
  • Buyer's acknowledgment, including their signature and printed name

What happens if I provide false information on the form?

Providing false information on the Texas Odometer Statement form can have serious repercussions. Under Texas Transportation Code §501.155, falsifying any required statement or application is classified as a third-degree felony. This can lead to criminal charges, fines, and potentially imprisonment, making it essential to provide accurate and truthful information.

Can the form be used for any vehicle?

The Texas Odometer Statement form is intended for use with vehicles that are being sold or transferred in Texas. However, it is important to note that it cannot be used for vehicles that are already covered by title transfer documents that meet federal and state odometer disclosure requirements. Always check the specific requirements for your vehicle before using the form.

How do I ensure compliance with the odometer disclosure requirements?

To ensure compliance with odometer disclosure requirements, follow these steps:

  1. Complete the Texas Odometer Statement form accurately, providing all necessary information.
  2. Make sure both the seller and buyer sign the form to acknowledge the odometer reading.
  3. Keep a copy of the completed form for your records.
  4. Consult with a legal professional if you have any questions or concerns about the process.

Form Preview

(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.