THE IOWA DEPARTMENT OF TRANSPORTATION HAS UPDATED THE RULES FOR ODOMETER DISCLOSURE STATEMENTS WHEN YOU SELL A CAR OR TRUCK TO ALIGN WITH FEDERAL CHANGES THAT STARTED WITH THE NEW YEAR.
D-O-T SPOKESMAN, DANIEL HEY (HAY) SAYS THE RULE SETS OUT WHO HAS TO PROVIDE THE STATEMENT.
ODO1 OC……..OR TRANSFERRED” :10
HE SAYS THE CHANGE IS RECOGNIZING THAT VEHICLES ARE BEING KEPT LONGER.
ODO2 OC…….YEARS OR NEWER” :19
THE CHANGE APPLIES TO ALL TRANSFERS OF VEHICLES, INCLUDING SALE BY A DEALER, PRIVATE SALE, OR VEHICLES RECEIVED THROUGH GIFT OR INHERITANCE.
HEY SAYS THE INFORMATION IS VERY IMPORTANT.
ODO3 OC………ON THAT VEHICLE” :19
ODOMETERS WENT FROM A MECHANICAL SYSTEM TO DIGITAL AROUND 20 YEARS AGO. HEY SAYS THEY STILL GET CASES OF ODOMETER FRAUD WITH THE USE OF DIGITAL SYSTEMS.
ODO4 OC……..ALTER IT” :11
HE SAYS HAVING THE ODOMETER STATEMENTS WHEN A VEHICLE IS SOLD GIVES A PAPER TRAIL THAT MAKES IT EASIER TO GO BACK AND SEE IF THERE IS A DISCREPANCY IN THE AMOUNT OF MILEAGE.
THE ODOMETER DISCLOSURE CAN BE DONE A COUPLE OF WAYS.
ODO5 OC……THROUGH THE D-O-T” :18
ANY TRANSFER WHERE THE ODOMETER STATEMENT WAS PREVIOUSLY NOT REQUIRED WILL CONTINUE TO BE EXEMPT UNDER THE RULE CHANGE.
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