Summary: The odometer at the time and date of transfer must be shown on the odometer disclosure statements. If you have any legal questions, get in touch with the professionals at Allen Stewart. You don't want to become a victim of odometer fraud. 

[16th December 2022, USA] Not all vehicle cases handled by Allen Stewart P.C. involve a warranty breach. According to the National Highway Traffic Safety Administration, odometer fraud is a rising issue in the United States, where more than 450,000 vehicles are sold each year with fabricated odometer readings. If you know what does odometer mean, you also understand The number of miles traveled on a car determines how much wear and tear it has endured and, consequently, how much the car is worth. By hiding such wear and tear, odometer tampering prevents clients from making an informed purchase decision.

Motor vehicle vendors are required to furnish an odometer disclosure statement at the time of sale or transfer of ownership under the federal Truth in Mileage Act (TIMA). That is one of the several documents a car buyer signs when purchasing a car; it contains the seller's explicit disclosure of the mileage on the automobile and the buyer's agreement. All passenger cars, pick-up trucks, mobile homes, motorbikes, and trucks with a gross vehicle weight rating under 16,000 pounds and ten years old must have odometer disclosures. 

Odometer tampering or resetting odometer is a significant issue punishable by harsh laws. Each manipulated odometer counts as a separate infraction and a federal conviction for odometer fraud carries fines of up to $10,000. After being found guilty, the offender is also subject to civil claims from anyone they misled, with the law permitting damages of up to $10,000 or three times the amount of real losses. Most crucially, a term of three years in federal prison is possible for anyone convicted of wilfully engaging in resetting odometer. 
 
Whether the mileage is accurate, erroneous, or exceeds the odometer's mechanical limits must be disclosed. Odometer disclosure statements must include the odometer reading as of the transfer date and time. The buyer's name, address, and signatures must also include the vehicle's year, make, and model. 

If you want to know more about what does odometer mean and why it's so important in every aspect of your car, browse https://www.allenstewart.com/odometer-disclosures-and-how-they-work/. 

About the company

Allen Stewart is a professional law firm dealing with Lemon Law and other auto fraud cases. The firm has years of experience representing consumers who unwittingly purchased defective vehicles and helping them get the deserved compensation. One of the best toxic tort litigators in the nation, Allen Stewart's client victories are backed by some of the most prestigious accolades and certifications in the legal sector. The expert team of Allen Stewart works from their headquarters situated in Texas.

Contact

Address: 1700 Pacific Avenue Suite 2750 Dallas, Texas, 75201

Phone: 214-965-8700; 866-440-2460

Website: https://www.allenstewart.com/