Odometer Discrepancy Statement - TN Department of Revenue
The Odometer Discrepancy Statement is a legal document used in Tennessee to certify any discrepancies observed in a vehicle's odometer reading. This form is essential for both sellers and purchasers during vehicle transactions to ensure accurate reporting of mileage. Completing this form helps protect all parties involved by documenting the odometer's true state.
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How do I fill this out?
To fill out the Odometer Discrepancy Statement, gather all necessary details regarding the vehicle such as the VIN, make, model, and year. Both the seller and purchaser need to certify the accuracy of the odometer reading at the time of sale. Ensure that all fields are completed fully to avoid future complications.
How to fill out the Odometer Discrepancy Statement - TN Department of Revenue?
1
Gather the necessary vehicle details including VIN.
2
Both the seller and purchaser must fill out their respective sections.
3
Certify the accuracy of the odometer reading.
4
Provide reasons for any discrepancies noted.
5
Sign and date the form before submission.
Who needs the Odometer Discrepancy Statement - TN Department of Revenue?
1
Vehicle sellers who need to clarify discrepancies in odometer readings.
2
Buyers wanting to ensure accurate vehicle history.
3
Title companies that require proof of mileage accuracy.
4
State agencies needing verification of odometer information.
5
Legal professionals handling disputes related to vehicle sales.
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Make the necessary changes directly in the document.
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What are the instructions for submitting this form?
To submit the Odometer Discrepancy Statement, either fax it to the Tennessee Department of Revenue at (XXX) XXX-XXXX or email it to submit@tn.gov. You can also submit it through the official website's online portal or send it via postal mail to the Nashville office at 500 Deaderick St, Nashville, TN 37242. Ensure all signatures and date fields are adequately filled out before submission.
What are the important dates for this form in 2024 and 2025?
Important dates for this form may vary based on state updates and filing deadlines. Ensure to check with the Tennessee Department of Revenue for the most current information regarding filing periods in 2024 and 2025.
What is the purpose of this form?
The purpose of the Odometer Discrepancy Statement is to legally document the mileage discrepancies noted during the sale of a vehicle. This statement provides protection for both the seller and purchaser by ensuring that all parties are aware of the true odometer reading. It is essential for maintaining transparency and integrity in vehicle transactions.
Tell me about this form and its components and fields line-by-line.
- 1. Seller's Statement of Facts: A section for the seller to certify and explain the odometer reading at the time of sale.
- 2. Seller's Certification: A declaration by the seller under penalties of perjury regarding the accuracy of the provided information.
- 3. Purchaser's Statement of Facts: A section for the purchaser to certify their understanding of the odometer reading during purchase.
- 4. Purchaser's Certification: A statement by the purchaser ensuring the accuracy of the odometer disclosure.
What happens if I fail to submit this form?
Failing to submit this form can result in complications during the title transfer process and may lead to legal repercussions. If the odometer reading is inaccurately represented, both the buyer and seller could face penalties and potential civil liabilities.
- Legal Liability: Inaccurate odometer disclosure can lead to lawsuits or civil penalties.
- Transaction Delays: Failure to submit may delay the vehicle title transfer process.
- Loss of Trust: Inconsistent odometer readings can damage trust between buyers and sellers.
How do I know when to use this form?
- 1. Selling a Vehicle: Sellers should complete this form if there are any discrepancies in odometer readings.
- 2. Purchasing a Vehicle: Buyers should request this form to ensure the accuracy of the vehicle's mileage.
- 3. Title Transfers: Necessary for title companies to confirm mileage consistency.
Frequently Asked Questions
What is the Odometer Discrepancy Statement?
It is a legal form used to certify discrepancies in vehicle odometer readings during sales.
Who needs to fill this form?
Both the seller and purchaser of the vehicle are required to complete sections of this form.
How can I edit this PDF?
You can easily edit this PDF by using the PrintFriendly PDF editor, which allows you to modify any text.
Is it necessary to sign the document?
Yes, both parties must sign the document to certify the provided information is accurate.
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