Interpretation ID: aiam1069
Biernat Business Forms
1300 Second Street
N.E.
Minneapolis
MN 55413;
Dear Mr. Biernat: This is in response to your request for information concerning a acceptable form to satisfy the disclosure requirements of the Motor Vehicle Information and Cost Savings Act, Public Law 92-513.; In answer to your first question, the disclosure statement may b incorporated in the sales order form. An example of an adequate format is enclosed for your information.; Second, one copy of the statement is required to be given by th transferor to the transferee. However, good business practice makes advisable a file copy for the transferor's records.; Third, the transferor may receive the original or a copy of th statement.; Fourth, the required information is listed in the enclosed regulation There are no size requirements for the form or type.; Your suggestion to incorporate disclosure statements for both the ne and traded-in vehicles on the same form complies with the requirements if the statements are completed prior to the execution of transfer.; Yours truly, Richard B. Dyson, Assistant Chief Counsel