Interpretation ID: aiam2134
3319 W. Osborn Road
Suite A
Phoenix
AZ 85015;
Dear Mr. Blake: As you requested in your December 1, 1975, telephone conversation wit Karen Kreshover of this office, I am answering by letter your question as to whether motor vehicle dealers must retain copies of Federal odometer disclosure statements which they either receive or execute.; Section 408(a) of the Motor Vehicle Information and Cost Savings Ac (15 U.S.C. 1988(a)) gives the Secretary of Transportation authority to promulgate rules relating to the execution of statements disclosing odometer mileage on vehicles at the time of their sale. Such rules may, according to the Act, contain requirements prescribing the manner in which the necessary information is disclosed or retained.; Pursuant to the mandate of section 408, the National Highway Traffi Safety Administration promulgated 49 CFR Part 580, *Odometer Disclosure Requirements*. This regulation does not, however, require individuals to retain either copies or originals of odometer disclosure statements that come into their possession. This means that a dealer need not retain statements that are provided to him when he purchases a vehicle, nor must he retain copies of statements executed by him to purchasers of vehicles he sells.; Sincerely, Frank Berndt, Acting Chief Counsel