The Texas Odometer Statement form, officially known as VTR-40, is a crucial document that verifies the mileage of a vehicle during ownership transfer. Both federal and state laws mandate accurate reporting of this mileage to prevent fraud and protect buyers. Failing to complete this form correctly can lead to serious penalties, including fines and potential imprisonment.
When buying or selling a vehicle in Texas, one crucial document comes into play: the Texas Odometer Statement form, also known as VTR-40. This form plays a vital role in ensuring transparency during the transfer of ownership. It requires the seller to disclose the vehicle's mileage, which is not only a matter of good practice but also a legal obligation. Under both federal and state law, providing an accurate odometer reading is essential. Failure to do so can lead to serious consequences, including fines or even imprisonment. The form includes key details such as the vehicle's description—year, make, model, body style, and the Vehicle Identification Number (VIN)—as well as the seller's certification of the odometer reading. If the mileage exceeds the mechanical limits of the odometer or if the reading is not accurate, the seller must check the appropriate box to clarify this discrepancy. Additionally, the buyer must acknowledge the odometer disclosure, ensuring both parties are aware of the mileage status. This straightforward yet critical document helps protect both buyers and sellers, fostering trust in the vehicle transaction process.
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.
WARNING: TRANSPORTATION CODE, §501.155, PROVIDES THAT FALSIFYING INFORMATION ON ANY REQUIRED STATEMENT OR APPLICATION IS A THIRD-DEGREE FELONY.
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Here are some important points to remember when filling out and using the Texas Odometer Statement form: