Edit, Download, and Sign the Federal Odometer Lease Termination and Title Release Instructions

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How do I fill this out?

To complete this form, start by entering the vehicle's current odometer reading in miles. Next, check the appropriate box to certify the condition of the odometer reading. Finally, complete the date, sign the form, and return it to the lessor.

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How to fill out the Federal Odometer Lease Termination and Title Release Instructions?

  1. 1

    Enter the current odometer reading in miles.

  2. 2

    Check the box that truthfully represents the mileage condition.

  3. 3

    Fill in the date the form is completed.

  4. 4

    Sign the form to verify its accuracy.

  5. 5

    Return the completed form to the lessor with the payoff check.

Who needs the Federal Odometer Lease Termination and Title Release Instructions?

  1. 1

    Lessees terminating their vehicle lease.

  2. 2

    Lenders verifying mileage upon lease conclusion.

  3. 3

    Dealerships handling vehicle resale after lease termination.

  4. 4

    Insurance companies assessing vehicle value post-lease.

  5. 5

    Regulatory authorities ensuring compliance with odometer disclosure laws.

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What are the instructions for submitting this form?

To submit this form, send the completed document to Nissan Motor Acceptance Company via email or fax at [insert email/fax]. Alternatively, physical copies can be mailed to 8900 Freeport Parkway, Irving, TX 75063. Always ensure that the form is signed and dated before submission to prevent any processing issues.

What are the important dates for this form in 2024 and 2025?

Important dates for this form in 2024 include the lease maturity date and any deadlines set by your lessor for submission of the odometer disclosure. Ensure you note these dates to avoid penalties. For 2025, follow the same pattern, checking any new updates from the leasing company.

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What is the purpose of this form?

The purpose of this form is to ensure that lessees provide an accurate odometer reading at the time of lease termination. It is legally required to protect both the lessee and lessor from fraudulent mileage claims. Completing this form is crucial for the smooth transition of vehicle ownership and compliance with state and federal laws.

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Tell me about this form and its components and fields line-by-line.

This form contains various fields that require specific information regarding the lease and vehicle.
fields
  • 1. Lessee: The person or entity leasing the vehicle.
  • 2. Address: The current address of the lessee.
  • 3. Lessor: The company or individual providing the lease.
  • 4. Make: The make of the vehicle.
  • 5. Model: The model of the vehicle.
  • 6. Lease #: The number assigned to the lease agreement.
  • 7. Year: The year of the vehicle.
  • 8. Maturity Date: The date when the lease comes to an end.
  • 9. Vehicle Identification Number: The unique identifier for the vehicle.
  • 10. Odometer Reading: The current mileage on the vehicle's odometer.
  • 11. Certification: The lessee's certification of the odometer reading.
  • 12. Date Completed: The date the form is filled out.
  • 13. Lessee Signature: The signature of the lessee to validate the document.

What happens if I fail to submit this form?

Failure to submit this form can result in delays in processing the lease termination and potential fines. Lessees may face penalties for not providing accurate odometer readings. It's essential to adhere to the submission guidelines to avoid these repercussions.

  • Inaccurate Mileage Claims: Failure to certify proper mileage can lead to legal issues.
  • Delays in Title Transfer: Not submitting this form may delay the transfer of vehicle ownership.
  • Potential Fines: Inaccurate or missing disclosures could result in fines.

How do I know when to use this form?

Use this form when you are nearing the end of your vehicle lease and need to disclose your current odometer reading. This is also required when you plan to return the leased vehicle to the lessor. It's crucial for legal compliance and ensuring a smooth transition of vehicle ownership.
fields
  • 1. Lease Termination: Required for finalizing lease termination.
  • 2. Vehicle Return: Necessary when returning the leased vehicle.
  • 3. Odometer Disclosure: Mandated legal requirement for mileage disclosures.

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