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Fill Your Texas Odometer Statement Form

The Texas Odometer Statement form, officially known as VTR-40, is a crucial document required during the transfer of vehicle ownership. This form ensures that the mileage of the vehicle is accurately reported, in compliance with both federal and state laws. Failing to complete this statement correctly can lead to serious legal consequences, including fines or imprisonment.

To ensure a smooth transaction, fill out the Texas Odometer Statement by clicking the button below.

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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 some things you should and shouldn't do:

  • Do provide the correct odometer reading.
  • Do check the box if the odometer reading exceeds mechanical limits.
  • Do ensure that all signatures are legible and match the printed names.
  • Do include the full vehicle description, including year, make, model, and VIN.
  • Do keep a copy of the completed form for your records.
  • Don't provide false information about the odometer reading.
  • Don't forget to include your address and contact information.
  • Don't leave any sections blank; fill out all required fields.
  • Don't use this form for title transfers that require different documentation.

Following these guidelines will help ensure a smooth transaction and avoid potential legal issues.

Sample - Texas Odometer Statement Form

(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.

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Documents used along the form

When buying or selling a vehicle in Texas, several important forms and documents accompany the Texas Odometer Statement. Each of these documents plays a critical role in ensuring a smooth and legal transfer of ownership. Below is a list of commonly used forms that you should be aware of.

  • Texas Certificate of Title: This is the official document that proves ownership of a vehicle. It includes details such as the vehicle's make, model, and VIN. A new title must be issued during the transfer of ownership.
  • Application for Texas Title: This form is used to apply for a new title when ownership changes. It collects necessary information about the buyer, seller, and vehicle.
  • Bill of Sale: A Bill of Sale provides a written record of the transaction. It includes details like the purchase price, date of sale, and signatures of both the buyer and seller.
  • Vehicle Registration Application: This document is required to register the vehicle in the buyer's name after the purchase. It includes information about the vehicle and the owner.
  • Affidavit of Heirship: If the vehicle is inherited, this affidavit may be needed to establish ownership. It confirms the relationship between the deceased and the new owner.
  • Power of Attorney: This form allows someone else to act on your behalf in the vehicle transfer process. It is useful if the seller cannot be present during the transaction.
  • Vehicle Inspection Report: In Texas, a vehicle must pass a safety inspection before it can be registered. This report confirms that the vehicle meets safety standards.
  • Insurance Verification: Proof of insurance is often required when registering a vehicle. This document shows that the buyer has adequate coverage for the vehicle.

Being prepared with these forms can help facilitate a seamless transaction. Make sure to gather all necessary documents before proceeding with the sale or purchase of a vehicle. This preparation can save time and prevent potential legal issues down the road.

Common mistakes

Filling out the Texas Odometer Statement form is a crucial step in the process of transferring vehicle ownership. However, many individuals make mistakes that can lead to complications. One common error is failing to provide the correct odometer reading. This reading must be accurate and reflect the actual mileage of the vehicle. If the number is incorrect, it can raise suspicions and potentially lead to legal issues.

Another mistake often made is not checking the appropriate boxes regarding the odometer reading. The form includes specific statements that need to be acknowledged, such as whether the mileage is in excess of mechanical limits or if the odometer reading is not the actual mileage. Neglecting to check these boxes can create confusion and may result in penalties.

Many people also forget to include all required personal information. This includes the seller's name, address, and signature. Without this information, the form may be deemed incomplete, leading to delays in the title transfer process. It’s essential to ensure that all fields are filled out accurately and completely.

Additionally, some individuals mistakenly use the form in conjunction with title transfer documents that do not meet the federal and state odometer disclosure requirements. The Texas Odometer Statement form should not be used alongside titles issued on or after April 29, 1990. Misusing the form can result in legal repercussions.

Another frequent oversight is not providing the buyer’s acknowledgment of the odometer disclosure. The buyer must sign the form to confirm that they are aware of the odometer reading stated by the seller. Without this acknowledgment, the transaction may face challenges, and the buyer may not have legal recourse if issues arise later.

Lastly, individuals often overlook the serious consequences of falsifying information on the form. The Texas Transportation Code clearly states that providing false information is a third-degree felony. Understanding the gravity of this statement is crucial. Ensuring that all information is truthful and accurate is not only a legal requirement but also protects both the seller and the buyer in the transaction.

Misconceptions

Misconceptions about the Texas Odometer Statement form can lead to confusion and potential legal issues. Here are nine common misunderstandings:

  • The form is optional for all vehicle sales. Many believe that the Odometer Disclosure Statement is not required for every sale. In fact, federal and state laws mandate that it must be completed when transferring ownership of a vehicle.
  • Only the seller needs to sign the form. While the seller's signature is essential, the buyer or their agent must also acknowledge the odometer certification by signing the form.
  • Providing an incorrect odometer reading is a minor issue. Misrepresenting the mileage can lead to serious consequences, including fines and even imprisonment. It is crucial to provide accurate information.
  • This form can be used with any title transfer document. The Texas Odometer Statement cannot be used alongside all title transfer documents. It is specifically not valid with titles issued on or after April 29, 1990.
  • Only the odometer reading matters. While the odometer reading is important, the form also requires the seller to check specific statements regarding the accuracy of the mileage.
  • The form is the same as a bill of sale. The Texas Odometer Statement is distinct from a bill of sale. Each serves a different purpose in the vehicle transfer process.
  • Odometer discrepancies are not a big deal. An odometer discrepancy is a serious warning. It indicates potential fraud and can have legal ramifications for both the seller and buyer.
  • All vehicles require the same odometer statement. The form is specifically designed for certain types of vehicles. Not all vehicles may require this disclosure, depending on their age and the type of sale.
  • Once signed, the form cannot be changed. If an error is made after signing, it can be corrected. However, both parties must agree to the changes and initial the corrections.

Understanding these misconceptions can help ensure a smoother vehicle transfer process and avoid legal complications.

Key takeaways

When filling out the Texas Odometer Statement form, it’s essential to keep a few key points in mind. This document plays a crucial role in the transfer of vehicle ownership. Here are some important takeaways:

  • Accuracy is Critical: Always provide the correct odometer reading. Misrepresentation can lead to severe penalties, including fines or imprisonment.
  • Understand the Requirements: This form cannot be used alongside title transfer documents that meet federal and state odometer disclosure requirements.
  • Check the Statements: Be aware of the options available for indicating potential discrepancies, such as mechanical limits or incorrect mileage.
  • Signatures Matter: Both the seller and buyer must sign the document, acknowledging the odometer disclosure to ensure accountability.
  • Legal Implications: Know that falsifying information on this form is a serious offense, classified as a third-degree felony under Texas law.

Completing the Texas Odometer Statement form accurately is not just a formality; it protects both the seller and buyer in the vehicle transfer process. Stay informed and ensure compliance to avoid any legal issues down the road.

File Characteristics

Fact Name Details
Form Title The Texas Odometer Statement form is officially known as the Odometer Disclosure Statement VTR-40.
Legal Requirement Federal and state laws mandate that the mileage must be disclosed during the transfer of vehicle ownership.
Consequences of False Statements Providing inaccurate information on this form can lead to fines or imprisonment, as per Texas Transportation Code §501.155.
Usage Restrictions This form cannot be used alongside title transfer documents that meet federal and state odometer disclosure requirements, specifically for titles issued after April 29, 1990.

How to Use Texas Odometer Statement

Once you have the Texas Odometer Statement form, it's important to fill it out accurately to ensure compliance with state and federal laws. This form is used during the transfer of vehicle ownership and requires specific information about the vehicle and the parties involved. Below are the steps to complete the form correctly.

  1. At the top of the form, write the name of the seller or agent in the space provided.
  2. Fill in the vehicle description section. Include the following details:
    • Year
    • Make
    • Body Style
    • Model
    • Vehicle Identification Number (VIN)
  3. Enter the odometer reading in the designated space. Ensure that you do not include tenths of a mile.
  4. Next, certify the odometer reading by signing your name in the space provided. Print your name below your signature. If the vehicle is titled in a firm’s name, write the firm’s name on the line above your signature.
  5. Provide your street address, city, state, and zip code in the specified fields.
  6. Check one of the following statements if applicable:
    • The mileage stated is in excess of its mechanical limits.
    • The odometer reading is not the actual mileage.
  7. In the acknowledgment section, the buyer or agent must sign and print their name. If the vehicle is purchased by a firm, the firm's name should be printed on the line above their signature.
  8. Finally, the buyer or agent must also provide their street address, city, state, and zip code.

After completing the form, ensure all information is accurate and legible. This completed form must be kept as part of the vehicle transfer process to avoid any legal issues related to odometer discrepancies.