Section 154.07. Odometer disclosure for leased motor vehicles.

 

(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.

History: Cr. Register, January, 1996, No. 481 , eff. 2-1-96.

Note

Transfer of ownership to lessee or some other person occurs after the termination of the lease. Microsoft Windows NT 6.1.7601 Service Pack 1