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How to prepare Odometer Disclosure Statement Texas
About Odometer Disclosure Statement Texas
The Odometer Disclosure Statement in Texas is a legal document that is required by the Texas Department of Motor Vehicles (DMV) for the sale of used vehicles. It is designed to protect buyers from fraudulent practices related to the mileage of a vehicle. The Odometer Disclosure Statement is typically included as part of the vehicle's title transfer process. The seller is required to disclose the accurate mileage of the vehicle at the time of sale, including any known discrepancies. This statement is necessary for all vehicles under 10 years old, except for motor homes and commercial vehicles over 16,000 pounds. A seller in Texas must complete and sign the Odometer Disclosure Statement, and the buyer is also required to acknowledge and sign it. This form is then submitted to the Texas DMV as proof of the vehicle's mileage disclosure. Overall, any individual or entity involved in the sale or transfer of a used vehicle in Texas, excluding specific vehicle types mentioned above, needs to complete the Odometer Disclosure Statement to comply with the state's regulations and maintain transparency in the transaction.
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