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New federal rule regarding odometer disclosure taking effect Jan. 1st

ILLINOIS SECRETARY OF STATE JESSE WHITE'S OFFICE IS REMINDING AUTO DEALERS AND THE PUBLIC ABOUT STRICTER ODOMETER LAWS TAKING EFFECT JANUARY FIRST. 

 

UNDER A NEW FEDERAL REQUIREMENT, ANYONE SELLING A 2011 OR LATER MODEL VEHICLE NEEDS TO RECORD THE MILEAGE ON THE TITLE SAYS SECRETARY OF STATE SPOKESPERSON HENRY HAUPT. UNDER THE OLD RULE, A 2011 VEHICLE WOULD HAVE BEEN EXEMPT FROM DISCLOSING THE ODOMETER READING.

 

 

SELLERS OF 2011 MODEL VEHICLES AND NEWER WILL HAVE TO DISCLOSE THE MILEAGE WHEN THE TITLE IS TRANSFERRED FOR 20 YEARS INSTEAD OF 10 UNDER A NEW FEDERAL RULE. SECRETARY OF STATE HENRY HAUPT EXPLAINS THE GUIDELINES.

 

 

HAUPT SAYS THE CHANGE IS AIMED AT REDUCING ODOMETER FRAUD SINCE THE AVERAGE AGE OF VEHICLES IN THE U-S IS NOW NEARLYY 12 YEARS OLD.

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