Summary: Each manipulated odometer counts as a separate infraction, and a federal conviction for odometer fraud carries fines of up to $10,000. If you purchased a vehicle under pretenses, contact Al Stewart.

[October 11, 2022, Texas]: If you are wondering what is an odometer disclosure statement, 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). It 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.

Some vehicles, such as those 20 years old or older, have GVWRs over 16,000 pounds, are snowmobiles or all-terrain vehicles, and are not self-propelled. They are not even transferring titles with at least one registered owner still present and are exempt from odometer disclosures, except for situations where the title is from another state.

Before January 1, 2021, older-than-10-year-old automobiles were the limit; however, federal regulations on how does an odometer work legally changed as of that day. For instance, the odometer disclosure requirement won't be waived for a car from the 2011 model year until 2031. Vehicles with a model year of 2011 must abide by this requirement. That implies that until a car is 20 years old, it is not immune from the odometer disclosure statement requirements. 

Customers who unintentionally bought a car with an incorrect odometer reading and thought they were deceived on purpose may file a lawsuit. Consumers in Texas, for instance, have recourse under the Texas Deceptive Trade Practices Act (DTPA). The legislation passed into law in 1973 enables customers to take legal action against unethical or deceptive company activities and get damages reimbursement. Odometer fraud or odometer manipulation are examples of these bad acts.

Now that you can answer what is an odometer disclosure statement.

Do you still have further concerns about how does an odometer work? If you think the odometer in your car has been tampered with, get in touch with Allen Stewart P.C. immediately. The specialists are available to provide free claim evaluations. Check out https://www.allenstewart.com/odometer-disclosures-and-how-they-work/. 

About the company 

Innocent individuals and entire communities need a strong, successful champion when big business threatens their interests. Al Stewart, one of the top toxic tort lawyers in the country, is devoted to protecting the rights of those who others have wronged. The National Law Journal designated Al Stewart as one of the Most Successful Young Litigators in America. Al Stewart's dedication and zeal are seen in their track record, as each of their attorneys has acquired a remarkable collection of accolades.

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Phone: 866 440 2460

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

Address: 1700 Pacific Avenue 2750, Dallas, Texas 7520 

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