MD MVA Form VR-197 - Odometer Disclosure Statement

Form VR-197 - Odometer Disclosure Statement serves as a legal document to record the mileage of a vehicle during a sale or transfer of ownership in Maryland.

The main purpose of this form is to prevent odometer fraud and ensure that the buyer is aware of the accurate mileage on the vehicle being purchased. It is used when selling or transferring ownership of a motor vehicle to disclose the exact mileage on the odometer. For example, when someone sells a used car, they must complete this form to provide an accurate mileage reading to the buyer.

The parties involved are the buyer and seller of the vehicle. The form typically consists of sections where both parties provide their information, details about the vehicle, and the mileage disclosure. Accurate completion is crucial to prevent fraud and protect the rights of both the buyer and the seller.