Wisconsin Administrative Code › Department of Transportation › Chapter Trans 154 - Vehicle Odometer Disclosure Requirements › Section Trans 154.07 - Odometer disclosure for leased motor vehicles

Current through June 24, 2024
(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.