Which statement must be true regarding the Odometer Disclosure Statement?

The Odometer Disclosure Statement is a crucial document for vehicle sales that ensures transparency regarding the mileage of a vehicle. This statement must accompany the title transfer to comply with federal and state laws. When transferring ownership of a vehicle, it is essential for both the seller and buyer to document the accurate odometer reading at the time of the sale to prevent odometer fraud. The statement typically contains information like the vehicle's make, model, year, and the odometer reading, along with the signatures of both parties involved in the transaction.

This requirement helps protect both the buyer, who needs to know the true mileage for value assessment and warranty purposes, and the seller, who wants to avoid potential liability from misrepresentation of the vehicle’s condition. By ensuring that the Odometer Disclosure Statement accompanies the title transfer, it facilitates a clear, legally compliant exchange of ownership.