Wis. Admin. Code Department of Transportation Trans 154.07 - Odometer disclosure for leased motor vehicles
(1) LESSOR'S NOTICE
TO LESSEE. Prior to transferring ownership of any motor vehicle, the lessor of
a leased motor vehicle shall notify the lessee in writing that the lessee is
required to provide a written odometer disclosure to the lessor. This notice
shall state that the disclosure is required by federal and state law and that
failure to complete the disclosure statement or providing false information may
result in fines or imprisonment, or both, and may make the lessee liable for
damages to the lessor.
(2)
REQUIREMENTS RELATING TO LESSEE'S ODOMETER DISCLOSURE TO LESSOR. In connection
with the transfer of ownership of a leased motor vehicle, the lessee shall
furnish to the lessor a written statement regarding the mileage of the vehicle.
This statement shall be signed by the lessee and, in addition to the
information required by sub. (1), shall contain all of the following
information:
(a) The printed name of the
person making the disclosure.
(b)
The current odometer reading, not including tenths of miles. The lessee shall
certify the odometer reading as one of the following:
1. If, to the best of the lessee's knowledge,
the odometer reading reflects the actual mileage, the lessee shall include a
certification to that effect.
2. If
the lessee knows that the odometer reading reflects the amount of mileage in
excess of the designed mechanical odometer limit, the lessee shall include a
certification to that effect.
3. If
the lessee knows that the odometer reading differs from the vehicle's mileage
and that the difference is greater than that caused by odometer calibration
error, the lessee shall include a certification that the odometer reading is
not actual mileage. This statement shall alert the lessor that a discrepancy
exists between the odometer reading and the actual mileage.
4. If, due to an accident, fire or other
random occurrence, the odometer reading of the motor vehicle being transferred
cannot be read, the lessee shall indicate in the spaces designated for the
odometer reading on a conforming odometer statement a reading of 0 (zero) or a
recent reading that can be documented, such as on an odometer statement,
emission inspection report or repair invoice, and shall certify that the
odometer reading is not actual mileage. This statement shall alert the lessor
that a discrepancy exists between the odometer reading and the actual
mileage.
(c) The date of
the statement.
(d) The lessee's
name and current address.
(e) The
lessor's name and current address.
(f) The identity of the vehicle, including
its make, model, year, body type and vehicle identification number.
(g) The date that the lessor notified the
lessee of the disclosure requirements.
(h) The date that the completed disclosure
statement was received by the lessor.
(i) If the lessor transfers the leased
vehicle without obtaining possession of it, the lessor may indicate on the
certificate of title the vehicle's mileage disclosed by the lessee under this
section, unless the lessor has reason to believe that the disclosure by the
lessee does not reflect the actual mileage of the vehicle.
(j) The lessee's signature.
Notes
Transfer of ownership to lessee or some other person occurs after the termination of the lease.
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