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.
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:
Following these guidelines will help ensure a smooth transaction and avoid potential legal issues.
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.
Texas Llc Filing Fees - Disclaimers may be included in the application to address unregistrable components of a mark.
Texas Dps License to Carry - Indigent applicants need to furnish their last IRS tax return to confirm eligibility.
Texas Neighborhood Nuisance Abatement Act - Agencies may utilize this form to streamline their investigative procedures.
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.
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.
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 about the Texas Odometer Statement form can lead to confusion and potential legal issues. Here are nine common misunderstandings:
Understanding these misconceptions can help ensure a smoother vehicle transfer process and avoid legal complications.
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:
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.
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.
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.