Okla. Admin. Code § 670:20-37-3

Current through Vol. 42, No. 4, November 1, 2024

Section 670:20-37-3 - Odometer disclosure

(a)Federal Truth in Mileage Act. Effective on all transfers of ownership of motor vehicles (see exceptions below) dated on or after April 29,1989, specific odometer disclosure information is required. All transfers must contain the following:

(1) Odometer reading at time of transfer (no tenths of mile).

(2) The date of transfer.

(3) The seller's printed name (must be individual - no company name), signature and address.

(4) The buyer's printed name (must be individual - no company name), signature and address.

(5) Vehicle information including make, model year, body type and VIN.

(6) The seller shall also certify to the best of his/her knowledge whether the odometer reading:

(A) Reflects the actual mileage.

(B) Does not reflect the actual mileage.

(C) Is in excess of the mechanical limits of the odometer.

(b)Exemptions. Vehicles and situations which are exempt from the odometer disclosure requirements are:

(1) Vehicles which are not self-propelled, such as trailers.

(2) Transfers of new vehicles from dealer to dealer on the MSO.

(3) Vehicles which are ten (10) years old or older. To make this determination, subtract ten (10) from the current calendar year.

(4) Vehicles with a gross vehicle weight rating over 16,000 lbs. Any truck over 2 tons is exempt.

(5) Vehicles purchased in another country.

(6) Transfers resulting from involuntary divestitures, such as court orders and repossessions.

(7) Transfers to record a name change (same individual), only.

(8) Transfers between a revocable trust and a trustee of that trust.

(9) All-terrain vehicles and off-road motorcycles.

(10) Low-speed electrical vehicles.

(11) Medium-speed electric vehicles.

(12) Rental passenger vehicles.

Okla. Admin. Code § 670:20-37-3

Adopted by Oklahoma Register, Volume 41, Issue 23, August 15, 2024, eff. 8/25/2024