Interpretation ID: aiam1404
Patrick
Anderson and McDonald
Suite 2310
American National Bank Building
South Bend
IN 46601;
Dear Mr. Donnelly: This is in response to your letter of January 30, 1974, requestin information concerning odometer disclosure requirements.; The Federal odometer disclosure regulation requires each transferor o a motor vehicle to furnish to the transferee a written statement signed by the transferor containing the odometer reading at the time of transfer. If the transferor knows the registered mileage to be incorrect, he must include a statement in the disclosure document that the mileage is unknown.; In order for a transferor of a motor vehicle to be subject to th sanctions of the Motor Vehicle Information and Cost Savings Act, the mileage must be incorrectly disclosed with the transferor's knowledge of the inaccuracy.; As you requested, I am enclosing the relevant portions of the Act an the regulation. You also might be interested in the enclosed consumer affairs fact sheet. Responding to your request concerning information that has been provided to the auto industry in general, the National Automobile Dealers Association has been involved in an active campaign to make the auto industry familiar with the Federal odometer requirements. They may be able to provide you with the information you desire.; We would be pleased to answer any further inquiries you may have. Yours truly, Richard B. Dyson, Assistant Chief Counsel