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When transferring ownership of a vehicle in Texas, the Odometer Disclosure Statement, known as VTR-40, plays a crucial role in ensuring transparency and legal compliance. This form is not merely a formality; it serves as a safeguard for both buyers and sellers by documenting the vehicle's mileage at the time of sale. According to federal and state laws, accurately stating the odometer reading is mandatory, and any inaccuracies can lead to serious consequences, including fines or imprisonment. The form requires essential details such as the vehicle's year, make, model, and Vehicle Identification Number (VIN), along with the odometer reading. Sellers must certify that the mileage is correct, with options to indicate if the odometer reading exceeds mechanical limits or if it is not the actual mileage. Additionally, the form includes sections for both the seller and buyer to acknowledge the odometer disclosure, reinforcing accountability in the transaction. It is important to note that this document cannot be used in conjunction with title transfer documents that meet federal and state odometer disclosure requirements, particularly for titles issued on or after April 29, 1990. The Odometer Disclosure Statement is a vital component in promoting honesty and protecting the interests of all parties involved in the vehicle transfer process.
Document Data
| Fact Name | Description |
|---|---|
| Form Name | The official name of the form is the Odometer Disclosure Statement VTR-40. |
| Legal Requirement | Federal and State Law mandates that the mileage must be stated during the transfer of vehicle ownership. |
| Consequences of Inaccuracy | Providing false information on the form may lead to fines or imprisonment. |
| Usage Restrictions | This form cannot be used with title transfer documents that meet federal and state odometer disclosure laws. |
| Governing Law | Transportation Code, §501.155, addresses the penalties for falsifying information on required statements. |
How to Write Texas Odometer Statement
After completing the Texas Odometer Statement form, you will need to provide it to the buyer or agent involved in the vehicle transaction. This document serves as a crucial record of the vehicle's mileage at the time of sale. Ensure that all sections are filled out accurately to avoid any potential legal issues.
- Obtain the form: Download or print the Texas Odometer Statement form (VTR-40).
- Fill in the seller/agent name: Write your name in the designated space at the top of the form.
- Provide vehicle details: Enter the year, make, body style, model, and Vehicle Identification Number (VIN) of the vehicle.
- Record the odometer reading: Write the current odometer reading without tenths.
- Certify the mileage: Sign and print your name in the section that certifies the odometer reading is accurate. If applicable, include the firm's name if the vehicle is titled in a business name.
- Complete the address section: Fill in your street address, city, state, and zip code.
- Buyer/agent acknowledgment: The buyer or their agent must sign and print their name in the acknowledgment section. If purchased by a firm, include the firm’s name.
- Fill in the buyer/agent address: Provide the buyer's or agent's street address, city, state, and zip code.
Texas Odometer Statement Example
(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
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