La. Admin. Code tit. 55, § III-398 - Odometer Disclosure
A. The
Federal Truth in Mileage Act requires the seller of a motor vehicle to provide
an odometer disclosure to the buyer at the time of sale or transfer of
ownership. A completed odometer disclosure must be provided for all non-exempt
vehicles at the time of application for title.
1. Beginning January 1, 2021, vehicles of
model year 2011 and newer will be subject to odometer disclosure for 20
years.
B. Vehicles
exempt from odometer requirements include:
1.
vehicles having a gross weight rating of more than 16,000 pounds;
2. vehicles that are not self-propelled (i.e.
trailers);
3. a vehicle with a
model year of 2010 or before, that is transferred at least 10 years after
January 1 of the calendar year corresponding to its designated model
year.
C. Transfer of
ownership when the certificate of title is in the possession of a lienholder,
lost or otherwise unavailable. The same person may not sign a disclosure
statement as both the transferor and the transferee in the same transaction
except if the certificate of title is physically held by the lienholder, the
transferor may complete a special power of attorney that meets the criteria set
forth in 49 CFR. 580.4 and 580.13 for the purpose of granting a transferee
authority to complete a odometer disclosure on their behalf. The special power
of attorney form shall not require notarization.
D. Upon receipt of the certificate of title,
the transferee shall complete the odometer disclosure exactly as the mileage
was disclosed by the transferor on the special power of attorney
form.
Notes
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