[Code of Federal Regulations]
[Title 49, Volume 5]
[Revised as of October 1, 2002]
From the U.S. Government Printing Office via GPO Access
[CITE: 49CFR580.5]

[Page 943]
 
                        TITLE 49--TRANSPORTATION
 
                            OF TRANSPORTATION
 
PART 580--ODOMETER DISCLOSURE REQUIREMENTS--Table of Contents
 
Sec. 580.5  Disclosure of odometer information.

    (a) Each title, at the time it is issued to the transferee, must 
contain the mileage disclosed by the transferor when ownership of the 
vehicle was transferred and contain a space for the information required 
to be disclosed under paragraphs (c), (d), (e) and (f) of this section 
at the time of future transfer.
    (b) Any documents which are used to reassign a title shall contain a 
space for the information required to be disclosed under paragraphs (c), 
(d), (e) and (f) of this section at the time of transfer of ownership.
    (c) In connection with the transfer of ownership of a motor vehicle, 
each transferor shall disclose the mileage to the transferee in writing 
on the title or, except as noted below, on the document being used to 
reassign the title. In the case of a transferor in whose name the 
vehicle is titled, the transferor shall disclose the mileage on the 
title, and not on a reassignment document. This written disclosure must 
be signed by the transferor, including the printed name. In connection 
with the transfer of ownership of a motor vehicle in which more than one 
person is a transferor, only one transferor need sign the written 
disclosure. In addition to the signature and printed name of the 
transferor, the written disclosure must contain the following 
information:
    (1) The odometer reading at the time of transfer (not to include 
tenths of miles);
    (2) The date of transfer;
    (3) The transferor's name and current address;
    (4) The transferee's name and current address; and
    (5) The identity of the vehicle, including its make, model, year, 
and body type, and its vehicle identification number.
    (d) In addition to the information provided under paragraph (c) of 
this section, the statement shall refer to the Federal law and shall 
state that failure to complete or providing false information may result 
in fines and/or imprisonment. Reference may also be made to applicable 
State law.
    (e) In addition to the information provided under paragraphs (c) and 
(d) of this section,
    (1) The transferor shall certify that to the best of his knowledge 
the odometer reading reflects the actual mileage, or;
    (2) If the transferor knows that the odometer reading reflects the 
amount of mileage in excess of the designed mechanical odometer limit, 
he shall include a statement to that effect; or
    (3) If the transferor knows that the odometer reading differs from 
the mileage and that the difference is greater than that caused by 
odometer calibration error, he shall include a statement that the 
odometer reading does not reflect the actual mileage, and should not be 
relied upon. This statement shall also include a warning notice to alert 
the transferee that a discrepancy exists between the odometer reading 
and the actual mileage.
    (f) The transferee shall sign the disclosure statement, print his 
name, and return a copy to his transferor.
    (g) If the vehicle has not been titled or if the title does not 
contain a space for the information required, the written disclosure 
shall be executed as a separate document.
    (h) No person shall sign an odometer disclosure statement as both 
the transferor and transferee in the same transaction, unless permitted 
by Secs. 580.13 or 580.14.

[53 FR 29476, Aug. 5, 1988, as amended at 54 FR 35887, Aug. 30, 1989; 56 
FR 47686, Sept. 20, 1991]