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The Texas Odometer Statement form, officially known as VTR-40, plays a crucial role in the transfer of vehicle ownership within the state. This form is mandated by both federal and state law, requiring sellers to disclose the vehicle's mileage at the time of sale. It is essential for ensuring transparency and protecting buyers from potential fraud. The form captures vital information, including the vehicle's year, make, model, body style, and Vehicle Identification Number (VIN). Sellers must certify that the odometer reading reflects the actual mileage, unless they indicate otherwise by checking specific statements regarding mechanical limits or discrepancies. The consequences of providing false information are severe, including potential fines and imprisonment. Notably, this form cannot be used alongside title transfer documents that already meet federal and state odometer disclosure requirements, such as Texas Certificates of Title issued after April 29, 1990. Additionally, both the seller and the buyer must acknowledge the odometer disclosure, ensuring that all parties are aware of the information provided. This process not only safeguards the interests of the buyer but also upholds the integrity of vehicle transactions in Texas.

Key takeaways

When filling out the Texas Odometer Statement form, it is essential to understand the following key points:

  • Mandatory Disclosure: Federal and state laws require sellers to disclose the vehicle's mileage during ownership transfer.
  • Consequences of Non-compliance: Failing to complete the form accurately or providing false information can lead to fines or imprisonment.
  • Form Limitations: The Texas Odometer Statement cannot be used alongside title transfer documents that already meet odometer disclosure requirements.
  • Certification Requirement: The seller must certify that the odometer reading reflects the actual mileage unless specific exceptions apply.
  • Buyer Acknowledgment: The buyer or their agent must acknowledge the odometer disclosure made by the seller.
  • Legal Penalties: Falsifying information on the form is considered a third-degree felony under Texas law.

Dos and Don'ts

When filling out the Texas Odometer Statement form, it is essential to follow specific guidelines to ensure accuracy and compliance. Below is a list of things you should and shouldn't do.

  • Do provide the correct odometer reading without any tenths.
  • Do ensure that the seller's name matches the printed name on the form.
  • Do check the appropriate box if the odometer reading is not the actual mileage.
  • Do sign and date the form in the designated areas.
  • Do include the full vehicle description, including year, make, model, and VIN.
  • Don't provide false information regarding the odometer reading.
  • Don't forget to fill in the buyer's acknowledgment section.
  • Don't leave any required fields blank; all information is necessary.
  • Don't use this form for title transfers that do not meet federal and state requirements.
  • Don't ignore the warning about falsifying information, as it can lead to severe penalties.

Documents used along the form

When transferring ownership of a vehicle in Texas, the Odometer Statement form is just one piece of the puzzle. Several other forms and documents are commonly used alongside it to ensure a smooth and legal transaction. Understanding these documents can help both buyers and sellers navigate the process with confidence.

  • Texas Certificate of Title: This is the primary document that proves ownership of a vehicle. It includes important details such as the vehicle's make, model, year, and VIN. When selling or buying a car, the title must be properly transferred to reflect the new owner's name.
  • Bill of Sale: This document serves as a receipt for the transaction. It outlines the terms of the sale, including the purchase price and vehicle details. A bill of sale is crucial for both parties as it provides proof of the transaction and can protect against disputes later on.
  • Application for Texas Title: If the vehicle is being registered for the first time or if the title has been lost, this application must be completed. It provides the necessary information to the Texas Department of Motor Vehicles (TxDMV) to issue a new title.
  • Vehicle Registration Application: This form is required to register the vehicle with the state. It includes details about the vehicle and the owner, and must be submitted to the local county tax office along with the appropriate fees.
  • New York Bill of Sale: A New York Bill of Sale is a legal document that transfers ownership of personal property from one party to another. This form is essential for both buyers and sellers, as it provides a record of the transaction and outlines the terms of the sale. Understanding this document can help ensure a smooth transfer and protect the rights of both parties involved. For more insights, check the Fast PDF Templates.
  • Affidavit of Heirship: In cases where a vehicle is inherited, this document may be needed to establish the rightful ownership. It outlines the relationship between the deceased and the heir, helping to clarify the transfer of ownership without a formal title.
  • Power of Attorney: If the seller cannot be present to sign the title transfer, a power of attorney document allows another person to act on their behalf. This ensures that the transaction can proceed smoothly even if the seller is unavailable.

Each of these documents plays a vital role in the vehicle transfer process. Ensuring that all necessary forms are completed accurately can help prevent delays and legal issues. Whether you’re buying or selling, being informed about these requirements will make the process much easier and more efficient.

Things to Know About This Form

What is the Texas Odometer Statement form and why is it important?

The Texas Odometer Statement form, known as VTR-40, is a legal document required during the transfer of vehicle ownership in Texas. This form serves to disclose the vehicle's mileage at the time of sale. Both federal and state laws mandate this disclosure to prevent odometer fraud, which can mislead buyers about a vehicle's true condition. Accurate mileage reporting helps protect consumers and ensures fair transactions.

Who needs to complete the Texas Odometer Statement?

The seller or their authorized agent must complete the Texas Odometer Statement. This includes individuals or businesses selling a vehicle. It is crucial that the seller provides an accurate odometer reading to comply with legal requirements. If the vehicle is owned by a firm, the firm’s name must be printed on the form as well. Buyers should also acknowledge the statement by signing it, confirming their awareness of the mileage disclosure.

What happens if the Odometer Statement is not completed correctly?

Failure to complete the Texas Odometer Statement accurately can lead to serious consequences. If the form is not filled out or if false information is provided, the seller may face fines or even imprisonment. Moreover, inaccuracies can complicate the title transfer process, potentially delaying the sale or causing legal disputes. It is essential for both parties to ensure the information is truthful and complete.

What should be included in the Odometer Statement?

The Odometer Statement requires several key pieces of information:

  • The seller's or agent's name.
  • The vehicle's description, including year, make, model, body style, and Vehicle Identification Number (VIN).
  • The current odometer reading, stated without tenths.
  • A certification statement by the seller regarding the accuracy of the mileage.
  • Any applicable disclaimers, such as if the odometer reading exceeds mechanical limits or is not the actual mileage.

Completing these sections accurately is crucial for compliance with legal standards.

Is the Texas Odometer Statement required for all vehicle sales?

Preview - 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.

Document Specifics

Fact Name Details
Form Purpose The Texas Odometer Statement form is used to disclose the mileage of a vehicle during ownership transfer.
Governing Laws This form complies with federal and state laws regarding odometer disclosure, including Texas Transportation Code, §501.155.
Consequences of False Information Providing false information on this form may lead to fines and/or imprisonment.
Usage Restrictions The form cannot be used with title transfer documents issued on or after April 29, 1990, which have their own odometer disclosure requirements.

How to Fill Out Texas Odometer Statement

Completing the Texas Odometer Statement form is a straightforward process that ensures compliance with state and federal regulations during the transfer of vehicle ownership. This document requires accurate information regarding the vehicle's mileage and must be filled out carefully to avoid any legal repercussions. Once the form is completed, it should be submitted alongside any necessary title transfer documents.

  1. Begin by entering the Seller/Agent Name at the top of the form.
  2. Fill in the Vehicle Description section, which includes the following details:
    • Year
    • Make
    • Body Style
    • Model
    • Vehicle Identification Number (VIN)
  3. Provide the Odometer Reading (without tenths) in the designated space.
  4. Certify the odometer reading by signing your name in the Signature of Seller/Agent section.
  5. Print your name in the Printed Name section, ensuring it matches your signature.
  6. If applicable, print the firm's name above the signature line if the vehicle is titled in a firm’s name.
  7. Complete the Street Address, City, State, and Zip Code fields.
  8. In the acknowledgment section, the Buyer/Agent must sign and date the form to confirm awareness of the odometer certification.
  9. Print the buyer's name in the Printed Name section, ensuring it matches the signature.
  10. Again, if purchased by a firm, print the firm’s name above the signature line.
  11. Complete the Street Address, City, State, and Zip Code fields for the buyer/agent.