Odometer fraud is defined as altering a vehicle’s odometer to vary the number of miles indicated.
How to correct a wrong odometer reading
Is your odometer reading on title wrong? To correct your odometer reading on title wrong, you’ll have to follow your state’s DMV process for correcting the title.
This typically involves:
1) Submitting an Application for Corrected Vehicle Title.
2) Provide the DMV with evidence of the particular odometer reading or why the discrepancy status is in error. This might include Up to 2 or more years of VIN-specific records, repair bills, or other documents that have reported the vehicle’s mileage.
3) Provide the wrong title. Submit your application and documents to the DMV.
4) Pay the corrected title fee.
What is form HSMV?
Form HSMV (Separate Odometer Disclosure Statement & Acknowledgement, Florida) is an authorized document initiated by the residents of Florida concerning the transmission of ownership of a motor vehicle.
Any individual who sells or purchases a motor vehicle must comply with the law that requires it to indicate the current odometer reading or confirm the mileage is wrong due to it having reached its maximum possibility or being broken and replaced.
According to the Odometer Disclosure Statement, Florida, Whether you know or do not know the mileage of your car, you have to complete this form and state the facts known to you from the history report on your vehicle or the certificate of title.
This prevents odometer fraud, and therefore the buyer can be sure the vehicle is sold at the actual retail value.
To get more data on odometer fraud, check out this website.
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