The Texas Odometer Statement form, known as VTR-40, is a crucial document required during the transfer of vehicle ownership. It ensures that the mileage of the vehicle is accurately disclosed, helping to protect both buyers and sellers from potential fraud. Failing to complete this form correctly can lead to serious legal consequences, including fines or imprisonment.
The Texas Odometer Statement form, officially known as VTR-40, plays a crucial role in the vehicle transfer process within the state. This form serves as a legal declaration of the vehicle's mileage at the time of sale, ensuring transparency and protecting both buyers and sellers from potential disputes. It is essential to complete this form accurately, as federal and state laws mandate the disclosure of mileage during ownership transfers. Failure to provide truthful information can lead to serious consequences, including fines or imprisonment. The form requires specific details about the vehicle, such as its year, make, model, body style, and Vehicle Identification Number (VIN). Sellers must certify that the odometer reading reflects the actual mileage unless certain conditions apply, such as the mileage exceeding mechanical limits or the reading being inaccurate. Additionally, the form includes a section for the buyer or their agent to acknowledge the odometer disclosure, reinforcing the importance of mutual agreement on the vehicle's condition. Understanding the significance of the Texas Odometer Statement is vital for anyone involved in a vehicle transaction, as it helps ensure compliance with legal requirements while safeguarding the interests of all parties involved.
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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