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.