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The Notarized Odometer Statement form serves as an essential document in the transfer of vehicle ownership, ensuring transparency and accuracy regarding a vehicle's mileage. This form is particularly important in preventing fraud, as it provides a verified record of the odometer reading at the time of sale. A notary public plays a crucial role in this process by confirming the identity of the vehicle owner and witnessing the signing of the statement. The form includes critical details such as the vehicle's make, model, year, and Vehicle Identification Number (VIN), along with the recorded mileage. Additionally, it captures the date of the transaction and the notary's commission expiration, ensuring that all parties involved have a clear understanding of the vehicle's history. By requiring notarization, this form adds a layer of credibility, making it a vital tool for buyers and sellers alike in the automotive marketplace.

Notarized Odometer Statement Preview

ODOMETER DISCLOSURE STATEMENT

I, ____________________________, a Notary Public in the state of ______________________,

in the county of _________________, have personally verified the mileage of _______________

(miles) on this__________ (year) ________________ (make) _________________ (model)

_____________________________ (VIN) belonging to ____________________________ on

this _______ day of _____________, 2015. _______________________________, owner,

personally appeared and proved to me on the basis of satisfactory evidence to be the person whose name is subscribed to within this instrument.

__________________________________

___________________

Registered Owner

Date

S

 

E

________________________________

 

Notary Public

A

 

 

My commission expires on ____________________

L

 

Common mistakes

  1. Incomplete Information: Failing to fill in all required fields can lead to processing delays. Ensure that every blank is filled, including the name of the owner, vehicle details, and the notary's information.

  2. Incorrect Mileage Entry: Entering the wrong mileage can cause significant issues. Double-check the odometer reading before submitting the form to avoid discrepancies.

  3. Missing Notary Signature: The form must be signed by a notary public to be valid. Omitting this step will render the document unusable for legal purposes.

  4. Failure to Date the Form: Not providing the correct date can lead to confusion. Always include the date when the statement is signed to ensure clarity and validity.

Dos and Don'ts

When filling out the Notarized Odometer Statement form, it’s essential to follow certain guidelines. Here’s a list of things you should and shouldn’t do:

  • Do fill in all required fields completely and accurately.
  • Do ensure the mileage is clearly stated and legible.
  • Do provide the correct year, make, model, and VIN of the vehicle.
  • Do sign the document in the presence of a notary public.
  • Don't leave any sections blank; incomplete forms may be rejected.
  • Don't provide false information, as this can lead to legal consequences.
  • Don't forget to date the document properly.
  • Don't rush the process; take your time to review everything before submission.

Following these guidelines will help ensure that your Odometer Statement is valid and accepted without issues.

Misconceptions

There are several misconceptions about the Notarized Odometer Statement form. Here are nine of them, along with clarifications to help understand its purpose and use.

  1. Notarization is optional. Many believe that notarization is not necessary for an odometer statement. In fact, notarization is required in many states to validate the document and ensure its authenticity.
  2. The form is only for used vehicles. Some think this form is only applicable to used cars. However, it can also be used for new vehicles to provide a clear record of the odometer reading at the time of sale.
  3. Anyone can notarize the form. It is a common misconception that any notary can complete this form. Only a notary public who is authorized in the state where the transaction occurs can notarize the statement.
  4. Odometer readings are always accurate. Many people assume that odometer readings are always correct. Unfortunately, odometers can be tampered with, making it crucial to document the reading with a notarized statement.
  5. The form is not legally binding. Some individuals believe that the notarized odometer statement holds no legal weight. In reality, it serves as a legal document that can protect both the buyer and seller in case of disputes.
  6. Only the seller needs to sign the form. It is often thought that only the seller's signature is required. In fact, both the seller and the buyer should sign the form to acknowledge the odometer reading.
  7. Notarization can be done after the sale. Some believe that notarization can occur after the vehicle sale. However, it is best to notarize the statement at the time of sale to ensure accuracy and legality.
  8. All states use the same form. There is a misconception that a single standardized form exists for all states. Each state may have its own version of the odometer statement, and it is important to use the correct one for your state.
  9. Only certain vehicles require an odometer statement. Some think that only specific types of vehicles need this form. In truth, it is generally required for all vehicles that are sold, regardless of age or type.

Understanding these misconceptions can help ensure that all parties involved in a vehicle transaction are protected and informed. Always consult with a professional if there are questions about the process.

Detailed Guide for Using Notarized Odometer Statement

After completing the Notarized Odometer Statement form, you will need to ensure that it is signed in the presence of a notary public. This step is crucial as it adds a layer of authenticity to the document. Once notarized, keep a copy for your records and provide the original to the relevant parties involved in the transaction.

  1. Begin by writing your name in the blank space next to "I, ____________________________."
  2. Fill in the state where the notarization will take place in the blank after "in the state of ______________________."
  3. Next, enter the county where the notarization occurs in the space after "in the county of _________________."
  4. Provide the verified mileage in the blank next to "the mileage of _______________ (miles)."
  5. Indicate the year of the vehicle in the blank after "this__________ (year)."
  6. Write the make of the vehicle in the space after "______________ (make)."
  7. Fill in the model of the vehicle in the blank after "_________________ (model)."
  8. Enter the Vehicle Identification Number (VIN) in the space provided after "____________________________ (VIN)."
  9. Write the name of the vehicle's owner in the blank after "belonging to ____________________________."
  10. Enter the date in the format "______ day of _____________, 2015" to indicate when the statement is being executed.
  11. Have the registered owner sign their name in the space after "_____________________________, owner, personally appeared."
  12. Next, the notary public will fill in their name and sign in the designated area.
  13. Finally, the notary public will indicate the expiration date of their commission in the space after "My commission expires on ____________________."