Overview
Misconceptions
Misconceptions about the Notarized Odometer Statement can lead to confusion when buying or selling a vehicle. Here are six common misunderstandings:
- Notarization is optional. Many believe that a notarized odometer statement is not necessary. In fact, many states require this form to ensure the accuracy of the mileage reported during a vehicle sale.
- Only the seller needs to sign. Some think that only the seller's signature is required. However, both the seller and the notary must sign to validate the document.
- It can be filled out after the sale. There is a misconception that this form can be completed after the transaction. It must be completed at the time of the sale to accurately reflect the vehicle's mileage.
- All notaries can verify mileage. Not all notaries are equipped to verify odometer readings. A notary must have the appropriate training and understanding of the process to ensure compliance with state laws.
- It is the same as a bill of sale. Some people confuse the notarized odometer statement with a bill of sale. While both documents are important in a vehicle transaction, they serve different purposes. The odometer statement specifically addresses mileage disclosure.
- It is only needed for used vehicles. There is a belief that this form is only required for used cars. In reality, it may also be necessary for certain new vehicles, depending on state regulations.
Understanding these misconceptions can help ensure a smoother vehicle transaction process. Always consult local regulations to confirm requirements in your state.
What to Know About This Form
What is a Notarized Odometer Statement form?
The Notarized Odometer Statement is a legal document used during the sale or transfer of a vehicle. It verifies the mileage on the vehicle's odometer at the time of the sale. This form is signed by the vehicle owner and notarized to ensure its authenticity, providing assurance to the buyer regarding the accuracy of the mileage reported.
Why do I need a Notarized Odometer Statement?
This statement is crucial for preventing odometer fraud. When buying or selling a vehicle, it is important to confirm that the mileage is accurate. A notarized statement protects both the buyer and seller by providing a record that can be referenced in case of disputes about the vehicle’s mileage in the future.
Who can complete the Notarized Odometer Statement?
The form must be completed by the vehicle owner, who will provide the necessary details such as mileage, vehicle make, model, and VIN. After filling out the form, a Notary Public must witness the signature. The notary verifies the identity of the owner and ensures that the document is signed voluntarily.
What information is required on the form?
Key information includes the owner's name, the vehicle's mileage, year, make, model, and VIN. Additionally, the notary will need to record their name, commission expiration date, and county of notarization. This information collectively helps to establish a clear record of the vehicle’s odometer reading at the time of transfer.
How do I find a Notary Public?
Notaries can often be found in banks, law offices, or public libraries. Many notaries also offer mobile services, coming to your location to notarize documents. It’s advisable to call ahead to ensure they can assist you and to confirm any fees associated with their services.
Is the Notarized Odometer Statement required in all states?
Requirements can vary by state. Some states mandate a notarized odometer disclosure for vehicle sales, while others may not. It is important to check your state's specific regulations regarding vehicle sales to ensure compliance and to understand if this form is necessary for your transaction.
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How to Use Notarized Odometer Statement
Once you have gathered the necessary information, filling out the Notarized Odometer Statement form is straightforward. This document is crucial for ensuring transparency in vehicle transactions, particularly when it comes to the accurate disclosure of mileage. Follow these steps to complete the form correctly.
- Start by writing your name in the first blank line where it states "I, ____________________________."
- In the next blank, fill in the name of the state where you are notarizing the document.
- Then, enter the county where the notarization is taking place.
- Next, write the mileage of the vehicle in the space provided for "______________ (miles)."
- Fill in the year of the vehicle in the next blank after "this__________ (year)."
- Indicate the make of the vehicle in the following blank after "________________ (make)."
- Next, provide the model of the vehicle in the space labeled "________________ (model)."
- Then, write the Vehicle Identification Number (VIN) in the appropriate blank: "_____________________________ (VIN)."
- In the next line, enter the name of the registered owner of the vehicle.
- Fill in the date in the format "______ day of _____________, 2015." Make sure to use the correct day and month.
- After that, the registered owner should sign their name in the space provided: "______________________________," followed by their title if applicable.
- In the next section, the notary public will sign their name and include their title "Notary Public."
- Finally, the notary must indicate when their commission expires in the space labeled "My commission expires on ____________________."