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LOUISIANA DEPARTMENT OF PUBLIC SAFETY OFFICE OF MOTOR VEHICLES ODOMETER DISCLOSURE STATEMENT Federal and State law require that you state the mileage upon transfer of ownership. Failure to complete or providing a false statement may result in fine and/or imprisonment.
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How to fill out odometer disclosure statement louisiana
How to fill out odometer disclosure statement Louisiana:
01
Obtain the odometer disclosure statement form, either from the Louisiana Office of Motor Vehicles website or from a licensed dealer.
02
Fill in the vehicle information section, including the make, model, year, and vehicle identification number (VIN).
03
Provide the current odometer reading accurately, without including any tenths of a mile.
04
Indicate whether the odometer reading reflects the actual mileage, the mileage is in excess of the mechanical limits, or the odometer is not reflecting the actual mileage. Select the appropriate option.
05
Date and sign the disclosure statement.
06
If the vehicle is being transferred, provide the name, address, and signature of the buyer.
07
Submit the completed odometer disclosure statement to the Louisiana Office of Motor Vehicles or include it with the vehicle's other paperwork when selling it to a buyer.
Who needs odometer disclosure statement Louisiana:
01
Individuals who are selling a motor vehicle in Louisiana are typically required to provide an odometer disclosure statement.
02
This includes private sellers, dealerships, and other entities transferring ownership of a motor vehicle.
03
The purpose of the form is to ensure that accurate mileage information is provided to buyers, protecting them from potential odometer fraud and misrepresentation.
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What is odometer disclosure statement louisiana?
A Louisiana Odometer Disclosure Statement is a document that is required to be completed and signed by both the seller and the buyer when transferring the ownership of a motor vehicle in the State of Louisiana. The statement must include the year, make, model, and Vehicle Identification Number (VIN) of the vehicle, the odometer reading, and the signatures of both the buyer and seller.
What is the penalty for the late filing of odometer disclosure statement louisiana?
In Louisiana, the penalty for late filing of an Odometer Disclosure Statement is a fine of up to $500.
Who is required to file odometer disclosure statement louisiana?
In Louisiana, the odometer disclosure statement is required to be filed by the seller of a motor vehicle at the time of sale. This requirement applies to both licensed dealers and private individuals selling a vehicle.
What is the purpose of odometer disclosure statement louisiana?
The purpose of the odometer disclosure statement in Louisiana is to provide a legal record of the mileage reading on a vehicle at the time of a sale or transfer of ownership. This statement is required by law to prevent and deter odometer fraud, which involves illegally tampering with or misrepresenting the mileage of a vehicle to increase its value or deceive potential buyers. By disclosing the accurate mileage on the odometer, buyers can make informed decisions and ensure they are paying a fair price for the vehicle.
What information must be reported on odometer disclosure statement louisiana?
According to the Louisiana Office of Motor Vehicles, the following information must be reported on the odometer disclosure statement:
1. Vehicle Information: This includes the year, make, model, body type, and vehicle identification number (VIN) of the vehicle.
2. Seller Information: This includes the full legal name and address of the seller or transferor of the vehicle.
3. Buyer Information: This includes the full legal name and address of the buyer or transferee of the vehicle.
4. Odometer Reading: The actual mileage of the vehicle at the time of the transfer must be reported accurately.
5. Date of Transfer: The date when the transfer of ownership occurred should be stated.
Both the seller and buyer must sign the odometer disclosure statement, and it should be provided to the buyer at the time of sale or transfer of the vehicle.
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