Table of Contents
The Texas Odometer Statement form, officially designated as VTR-40, serves a critical role in the vehicle transfer process within the state. This form is essential for documenting the mileage of a vehicle when ownership changes hands, as mandated by both federal and state laws. Its completion is not merely a formality; it carries legal weight. Sellers and agents must provide accurate odometer readings to avoid potential fines or imprisonment for false statements. The form requires specific details about the vehicle, including its year, make, body style, model, and Vehicle Identification Number (VIN). Additionally, the seller must certify that the odometer reading reflects the actual mileage, unless certain conditions apply, such as the mileage exceeding mechanical limits or discrepancies in the odometer reading. Notably, this form cannot be used alongside title transfer documents that already meet odometer disclosure requirements, particularly those issued after April 29, 1990. Buyers and agents must also acknowledge the odometer disclosure, reinforcing the importance of transparency in vehicle transactions. The form highlights the seriousness of providing accurate information, as falsifying details can lead to significant legal consequences under Texas law.
Common mistakes
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Neglecting to Provide Accurate Mileage: One of the most critical mistakes is failing to state the correct odometer reading. This can lead to serious legal consequences, including fines.
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Omitting Required Signatures: Both the seller and buyer must sign the form. If either signature is missing, the document may not be valid, complicating the transfer process.
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Incorrectly Checking Odometer Status: If the odometer reading is not the actual mileage, it is essential to check the appropriate box. Failing to do so can mislead the buyer and may result in legal repercussions.
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Not Including Complete Vehicle Information: The form requires specific details about the vehicle, such as the year, make, model, and Vehicle Identification Number (VIN). Incomplete information can delay the title transfer.
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Ignoring Acknowledgment by Buyer: The buyer must acknowledge the odometer disclosure. If this step is overlooked, it can create disputes regarding the vehicle's mileage later on.
Example - Texas Odometer Statement Form
(Seller/Agent Name)
ODOMETER DISCLOSURE
STATEMENT
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
More About Texas Odometer Statement
What is the Texas Odometer Statement form?
The Texas Odometer Statement form, also known as VTR-40, is a legal document required during the transfer of vehicle ownership in Texas. It ensures that the mileage of the vehicle is accurately disclosed, complying with federal and state laws. This form must be filled out by the seller or their agent and is essential for protecting both parties in the transaction.
Who needs to complete the Odometer Statement?
The seller or their agent is responsible for completing the Odometer Statement. This includes providing the vehicle's details, such as the make, model, and Vehicle Identification Number (VIN), along with the current odometer reading. Buyers should also acknowledge the statement by signing it.
What happens if the Odometer Statement is not completed?
Failure to complete the Odometer Statement can lead to legal consequences, including fines and possible imprisonment. It is crucial to provide accurate information, as any discrepancies can result in penalties under Texas law.
What should I do if the odometer reading is not accurate?
If the odometer reading is not accurate, the seller must check the appropriate box on the form indicating that the odometer reading is not the actual mileage. This alerts the buyer to potential discrepancies and protects the seller from liability for misrepresentation.
Can the Odometer Statement be used with other title transfer documents?
No, the Texas Odometer Statement cannot be used in conjunction with title transfer documents that already comply with federal and state odometer disclosure requirements. For vehicles titled in Texas on or after April 29, 1990, other forms may be used that meet these requirements.
What are the consequences of falsifying information on the Odometer Statement?
Falsifying information on the Odometer Statement is considered a serious offense. According to Texas Transportation Code §501.155, it is classified as a third-degree felony, which can result in severe penalties, including imprisonment and significant fines.
How can I ensure the Odometer Statement is filled out correctly?
To ensure the Odometer Statement is filled out correctly, both the seller and buyer should carefully review the information provided. The seller must accurately report the odometer reading and check any applicable boxes regarding discrepancies. Both parties should sign and date the form to acknowledge their understanding and agreement.
Where can I obtain the Texas Odometer Statement form?
The Texas Odometer Statement form can be obtained online from the Texas Department of Motor Vehicles (TxDMV) website or through local county tax offices. It is important to use the most current version of the form to ensure compliance with state regulations.
Key takeaways
When dealing with the Texas Odometer Statement form, there are several important points to keep in mind. This form plays a crucial role in the transfer of vehicle ownership.
- Legal Requirement: Both federal and state laws mandate that the mileage be disclosed when transferring ownership of a vehicle.
- Consequences of Inaccuracy: Failing to complete the form accurately or providing false information can lead to serious penalties, including fines and imprisonment.
- Not for Title Transfers: This form cannot be used alongside title transfer documents that meet federal and state odometer disclosure requirements.
- Vehicle Information: The form requires specific details about the vehicle, including its year, make, model, body style, and Vehicle Identification Number (VIN).
- Certification of Mileage: The seller or agent must certify that the odometer reading reflects the actual mileage, unless certain conditions are checked.
- Odometer Discrepancies: If the odometer reading is not accurate, the seller must indicate this on the form by checking the appropriate box.
- Buyer Acknowledgment: The buyer or agent must also sign the form, acknowledging awareness of the odometer certification made by the seller.
- Serious Legal Implications: Falsifying information on the Odometer Statement can result in felony charges under Texas law.
Understanding these key points can help ensure a smooth transaction when transferring vehicle ownership in Texas.
Form Attributes
| Fact Name | Description |
|---|---|
| Purpose | The Texas Odometer Statement form is used to disclose the vehicle's mileage during the transfer of ownership. |
| Legal Requirement | Federal and State Law require accurate mileage reporting. Failing to comply can lead to fines or imprisonment. |
| Form Limitations | This form cannot be used with title transfer documents that meet federal and state odometer disclosure requirements. |
| Penalties | According to Texas Transportation Code, §501.155, providing false information is considered a third-degree felony. |
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Dos and Don'ts
When filling out the Texas Odometer Statement form, it is crucial to ensure accuracy and compliance. Here are eight essential dos and don'ts to keep in mind:
- Do provide the correct odometer reading without any tenths.
- Do check the appropriate box if the mileage is not accurate or exceeds mechanical limits.
- Do ensure that all signatures are legible and match the printed names.
- Do include the complete vehicle description, including the VIN.
- Don't leave any sections blank; every part of the form must be filled out.
- Don't falsify any information; this is a serious offense that can lead to legal consequences.
- Don't use this form in conjunction with title transfer documents that meet federal and state requirements.
- Don't ignore the warnings about the implications of providing false information.