Content Overview
File Details
| Fact Name | Description |
|---|---|
| Purpose | The Texas Odometer Statement form, known as VTR-40, is required to disclose the vehicle's mileage during the transfer of ownership. |
| Legal Requirement | Federal and state laws mandate that the mileage must be accurately stated to avoid penalties. This is governed by the Texas Transportation Code. |
| Consequences of False Statements | Providing false information on the form can lead to serious consequences, including fines and imprisonment. |
| Use Restrictions | This form cannot be used alongside title transfer documents that already meet federal and state odometer disclosure requirements. |
| Odometer Reading Options | The form allows the seller to certify the mileage, with options to indicate if the odometer reading is inaccurate or exceeds mechanical limits. |
| Buyer Acknowledgment | The buyer or agent must acknowledge the odometer disclosure, confirming awareness of the seller's certification. |
Sample - Texas Odometer Statement Form
(Seller/Agent Name)
ODOMETER DISCLOSURE
STATEMENT
DHT # 142235
Federal and State Law require that you state the mileage in connection with the transfer of ownership. Failure to complete or providing a false statement may result in fines and/or imprisonment. This form may not be used in conjunction with title transfer documents, which comply with federal and state odometer disclosure requirements such as Texas Certificate of Titles issued on or after April 29, 1990.
VEHICLE DESCRIPTION
Year
Make
Body Style
Model
Vehicle Identification Number
I, ______________________________________________, certify to the best of my knowledge that the odometer reading is
the actual mileage of the vehicle described above unless one of the following statements is checked:
Odometer
Reading |
(No Tenths) |
1.The mileage stated is in excess of its mechanical limits.
2.The odometer reading is not the actual mileage.
WARNING – ODOMETER DISCREPANCY.
Date ofSignature of Seller/AgentPrinted Name (Same as Signature) Statement
If titled in a firm’s name, print the firm’s name on the line above.
Street Address |
City |
State |
Zip Code |
ACKNOWLEDGMENT OF ODOMETER DISCLOSURE BY BUYER/AGENT
I am aware of the above odometer certification made by the seller/agent.
Date of |
Signature of Buyer/Agent |
Printed Name (Same as Signature) |
Statement |
|
|
If purchased by a firm, print the firm’s name on the line above.
Street Address |
City |
State |
Zip Code |
WARNING: TRANSPORTATION CODE, §501.155, PROVIDES THAT FALSIFYING INFORMATION ON ANY REQUIRED STATEMENT OR APPLICATION IS A
Common mistakes
Completing the Texas Odometer Statement form is a critical step in the vehicle transfer process. However, many individuals make mistakes that can lead to complications. One common error is failing to provide the correct odometer reading. This reading must reflect the actual mileage of the vehicle at the time of sale. If the reading is inaccurate, it can result in legal consequences, including fines or even felony charges.
Another frequent mistake occurs when individuals neglect to check the appropriate boxes regarding odometer status. The form includes options to indicate if the odometer reading is not the actual mileage or if it has exceeded mechanical limits. Not checking these boxes, when applicable, can create confusion and may lead to disputes between the buyer and seller later on.
Additionally, many people overlook the importance of signatures. Both the seller and the buyer must sign the form. A missing signature can invalidate the document and delay the transfer of ownership. It's essential to ensure that all required signatures are present and that names are printed clearly beneath the signatures to avoid any misunderstandings.
Providing incomplete address information is another common pitfall. The form requires the full street address, city, state, and zip code for both the seller and buyer. Omitting any of these details can hinder the processing of the transaction and may lead to complications with future registrations or title transfers.
Lastly, individuals often fail to understand the legal implications of the form. The warning at the bottom states that falsifying information is a serious offense. Ignoring this warning can lead to severe penalties. It is crucial to take the form seriously and ensure that all information is accurate and truthful to protect all parties involved in the transaction.
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