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Understanding Odometer Disclosures: What Every Car Buyer Should Know

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Understanding Odometer Disclosures: What Every Car Buyer Should Know

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  1. pracceAreas Attorneys•’ AboutUs LemonLawsbyState Victories Contact BES A-ZLOO »l[ Firslname WehandlecasesacrosstheUnitedStates.AłlenStewartislicensedtopracticelawinTexas,California,NewYork,Pennsylvania,Missour Lastname OdometerDisclosuresandHowTheyWork Phonenumbef NoteveryautomativecaseAllenStewartP.C.handles isbreachofwarranty.Odometerfraudisagrowing concernintheUnitedStates,withmorethan4SO,O00vehiclessoldeveryyearwithfalseodometer readingsaccordingtotheNationalHighwayTraffic SafetyAdministratian.Milesdrivenonavehicle determinehowmuch wearandtearthevehiclehas withstoodand,thusly,howmuchthevehicleisworth.Odometertarnperingobscuresthatwearand tear,hamperingthecustomers'abilityfamakean informedpurchasingdecision. ThefederalTruthinMileageActLIMA)requiresmotorvehiclesellersprovideanodometerdisclosure statementatthetiweofsaleortransferofownership.Thisisoneofthemanyformsacarbuyer signswhenbuyingavehicle;itisthesellerstating clearlyhowmanymilesareonthevehicleandthebuyeragreeing.Odometerdisclosuresare requiredonallpassengervehicles, pickuptrucks,motorhomes,motorcycles,andtruckswith aGrossVehicleWeightRatinglessthan16,000poundsthatareless thantenyearsold. Certainvehiclesareexemptfrom odometerdisclosures.includingvehicles20yearsorolder,vehicleswithGrossVerticleWeight Ratingsover16,000pounds,snowmobiles,all-terrainvehicles,verticlesthatarenotself-propelled,orinthecaseofatitletransferinvvhichatleastoneoftheregisteredownersisstayingthesame,exceptwhenthetitlesubeittedisfromoutofstate. Odometer disclosurestatementsmestshawtheodometeratthetimeanddateoftransfer.Itmustalsoshowthe year,makeandmodelofthe vehicle,thebuyer'snameandaddress,andthesignaturesof boththebuyerandseller.Thedisclosuremuststatewhethertheshownmileageisaccurate,inaccurate, orisinexcessoftheodometer'smechanicallimits. PreviouslythelimitwasvehicleslOyearsoralder,howeverthefederalruleschangedeffective3an.1,2O2l.Thisruleappliesto vehiclesyearmodel2Ol1ornewer.Thismeansavehiclewillnotbeexemptfromodometerdisclosurestatementrequirements untilthevehicleis20yearsold.Farexample,a2011modelyearvehiclewon'tbeexemptfromodometerdisclasureuntil2031. Odometertamperingisaseriousproblemandassuchcarriesseriouspenalties.AfederaIodometerfraudconvictioncan includefinesupto$10,000foreachviolation.with eachalteredodometercountingasaseparateinstance.Aconvictionalso openstheperpetratortocivillawsuitsfromanyonetheydefrauded,with thelawallowingdamagesthreetimestheamountof actualdamagesor$1O,OOO,whicheverisgreater.Mostinnportantlyanyonefoundguiltyofwillfullyengaginginodometerfraud canbesentencedtothreeyearsinfederalprison. Consumerswhoinadvertentlypurchasedavehiclewithaninaccurateodometerreadingwhobelievetheywereintentionally defraudedcanseeklegalrecourse.Texasconsumers,forexample,canseekredressthroughtheTexasDeceptiveTradePractices Act(DTPA).Theact,signedintoIawin1973,allowsconsumerstofightbackagainstfalseormisleadingbusinesspracticesandgetcompensationfordamages.Thesemaliciouspracticescanincludeodometertamperingorodometerfraud. Ifyawbelieveyour vehiclehaditsodometertarnperedwith,oryouweresoldavehicleunderinaccuratepretenses,contactAllenStewartP.C.today.Ourexpertsarestandingbytoofferfreeclaimsevaluations. BacktoLemonLaw Blog ITOOPacificAvenueSuite2750,Dalias,Texas75201 fVin P2025AIlenStewart

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