Interpretation ID: aiam1169
The J.L. Hudson Company
Detroit
MI 48226;
Dear Mr. Hand: This is in response to your request for a statement of your odomete disclosure obligations under the Motor Vehicle Information and Cost Savings Act, Public Law 92- 513.; Under the Act, all transferors must make a 'mileage statement' to th transferee. 'Transferor' means any person who transfers his ownership in a motor vehicle by sale, gift, or any means other than by creation of a security interest. This includes a dealer transfering (sic) a new or used vehicle. The only exceptions to the requirement are for vehicles over 16,000 pounds gross weight rating, non-self-propelled vehicles, vehicles 25 years old or older, and new vehicles sold by a dealer to another dealer for resale.; The statement must contain (1) the odometer reading, (2) date o transfer, (3) transferor's name and current address, (4) vehicle identification or serial number, make, model, year, body-type, last plate number, (5) a statement that actual mileage differs from recorded mileage if such is the case and the transferor knows it, and (6) reference to the Motor Vehicle Information and Cost Savings Act with the statement that incorrect information may result in civil liability under it. An example of an adequate statement and format is enclosed for your information.; The federal government does not print these forms but severa commercial printers have prepared Federal disclosure forms for the convenience of dealers. Alternatively, the statement may be included in the bill of sale, or other transfer document. In any case, it must be completed and signed prior to the transfer. Either the original or carbon copy may go to the transferee. It may be advisable to include a second disclosure statement in your form to provide for the odometer disclosure by the buyer on his trade-in vehicle.; Yours truly, Richard B. Dyson, Assistant Chief Counsel