Odometer Statements Law & Legal Definition
Fraud in the sale of used cars, trucks and motorcycles costs consumers millions of dollars each year. One of the main areas of fraud involves the sale of vehicles with rolled back odometers. Because a car with fewer miles will bring a higher sales price, many dishonest sellers tamper with the odometer to make it appear the vehicle has fewer miles than it really does.
To address this problem, the U.S. Department of Transportation has created a rule requiring anyone selling (or leasing) a car, truck or motorcycle to provide the transferee (buyer or lessee) a statement regarding the vehicles mileage. The transferor (i.e., seller or lessor) must certify in writing the vehicles mileage, or that the mileage on the odometer is incorrect.
Legal Definitions
Search Definitions
Get a Term Defined
- Request a legal definition! Submit a term you need defined.
- » Request Legal Definition
Submit a Definition
- Submit a Definition Help us build our database. Free listings for attorneys.
- » Submit a Definition
Help Build USLegal
- Join our Team and help build USLegal. Many opportunities for participation so Join our Network.
Build USLegal
Read a Law Digest
- Need to read the law or find an answer to a legal question? Visit our Law Digest for the largest selection of law digests and answers available.
Go to Law Digest
Form Packages
- Select from our most popular legal form packages.
- » Bankruptcy
- » Contract for Deed
- » Divorce
- » Employment Packages
- » Home Sales
- » Incorporation
- » LLC Formation
- » Landlord Tenant
- » Mutual Wills
- » Name Change
- » Personal Planning
- » Partnerships
- » View All Packages
Legal Life
- Organize your legal life today! View our free online guide to creating a Life Documents File and related products.
- » Life Documents File
- » Personal Planning Package
- » Life Documents Packages
- » New Parents
- » Newlyweds
- » Baby Boomers
- » Military
- » Other
Form Drafting
- Can′t find the form you need, or need a form we offer revised for your situation? Submit your request and our attorneys will review the request and let you know if the form can be provided.
Submit a drafting request...
