Trans 154.03(3)(c) (c) Reassignment by a dealer or wholesaler licensed in another state when using a conforming title issued by another jurisdiction.

Trans 154.03(3)(c)1. 1. If the transferor is a dealer or wholesaler licensed in another state and the vehicle is titled with a conforming title issued by another jurisdiction, the reassignment of ownership and odometer disclosure shall be completed in the designated spaces on the certificate of title.

Trans 154.03(3)(c)2. 2. If the laws of the jurisdiction which issued the conforming title or the laws of the jurisdiction in which the reassigning dealer or wholesaler is licensed so permit, the reassignment and odometer disclosure may be completed on a conforming reassignment and odometer disclosure statement which was issued or approved by the jurisdiction.

Trans 154.03(3)(d) (d) Reassignment by dealer or wholesaler when using a nonconforming title.

Trans 154.03(3)(d)1. 1. If the transferor of a motor vehicle is a dealer or wholesaler licensed in Wisconsin or another state and the motor vehicle is titled with a nonconforming certificate of title which includes a conforming odometer disclosure statement and spaces for the reassignment of ownership by a dealer, the reassignment of ownership and odometer disclosure shall be completed on the certificate of title.

Trans 154.03(3)(d)2. 2. If the nonconforming title does not include a conforming odometer disclosure statement, the reassignment of ownership may be completed in the designated spaces on the certificate of title, if available, and the odometer disclosure statement shall be completed on a separate conforming odometer disclosure statement.

Trans 154.03(3)(d)3. 3. If the nonconforming title does not include available spaces for the reassignment of ownership, the reassignment of ownership and odometer disclosure shall be completed on a conforming statement which has been issued or approved by the department.

Trans 154.03(3)(d)4. 4. If the reassignment of ownership is made by a Wisconsin dealer to a person who is required to make application for a Wisconsin title, the reassignment and odometer disclosure may be made on a conforming application for title and registration which has been issued or approved by the department.

Trans 154.03(3)(d)5. 5. Notwithstanding the requirements of this section, if the reassignment is made by a dealer licensed in another state and the laws of the state so permit, the reassignment and odometer disclosure may be made on a conforming statement which has been issued or approved by the state.

Trans 154.03 History History: Cr. Register, January, 1996, No. 481, eff. 2-1-96; CR 02-029: am. (2) (a) 1., Register July 2002 No. 559, eff. 8-1-02.

Trans 154.04 Trans 154.04 Odometer disclosure for transferors and transferees.

Trans 154.04(1) (1) Transferor to disclose mileage to transferee. When transferring ownership of a motor vehicle, each transferor shall disclose the vehicle’s mileage to the transferee in writing in the designated spaces on a conforming title, on a separate conforming odometer disclosure statement which has been issued or approved by the department as prescribed in s. Trans 154.03, or on the conforming power of attorney form as prescribed in s. Trans 154.11. The completed odometer disclosure shall be delivered by the transferor to the transferee at the time ownership of the motor vehicle is transferred.

Trans 154.04(2) (2) Required odometer disclosure information. The written odometer disclosure shall include all of the following:

Trans 154.04(2)(a) (a) The odometer reading at the time of transfer, not including tenths of miles. The transferor shall certify the odometer reading as one of the following:

Trans 154.04(2)(a)1. 1. If, to the best of the transferor’s knowledge, the odometer reading reflects the actual mileage, the transferor shall include a certification to that effect.

Trans 154.04(2)(a)2. 2. If the transferor knows that the odometer reading reflects the amount of mileage in excess of the designed mechanical odometer limit, the transferor shall include a certification to that effect.

Trans 154.04(2)(a)3. 3. If the transferor 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 transferor shall include a certification that the odometer reading is not actual mileage. This statement shall alert the transferee that a discrepancy exists between the odometer reading and the actual mileage.

Trans 154.04(2)(a)4. 4. If, due to an accident, fire or other random occurrence, the odometer reading of the motor vehicle being transferred cannot be read, the transferor 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 transferee that a discrepancy exists between the odometer reading and the actual mileage.

Trans 154.04(2)(b) (b) The date of the transfer.

Trans 154.04(2)(c) (c) The transferor’s name and current address.

Trans 154.04(2)(d) (d) The transferee’s name and current address.

Trans 154.04(2)(e) (e) The description of the vehicle, including its make, model, year, body type and its vehicle identification number.

Trans 154.04(3) (3) Reference to federal and state requirements and penalties. The disclosure statement 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 transferor liable for damages to the transferee.

Trans 154.04(4) (4) Transferor’s signature and printed name required. The disclosure statement shall be signed by the transferor and include the transferor’s printed name. If the person signing the statement is signing as an authorized agent or employe of any firm or corporation, the printed name of the firm or corporation and the printed name of the person signing shall be included.

Trans 154.04(5) (5) Transferee’s signature and printed name required. The disclosure statement shall be signed by the transferee and include the transferee’s printed name. If the person signing the statement is signing as an authorized agent or employe of any firm or corporation, the printed name of the firm or corporation and the printed name of the person signing shall be included.

Trans 154.04(6) (6) Prohibition against same person signing as transferor and transferee. Except as provided in ss. Trans 154.10 and 154.11, no person may sign an odometer disclosure statement as both the transferor and transferee in the same transaction.

Trans 154.04 History History: Cr. Register, January, 1996, No. 481, eff. 2-1-96.

Trans 154.05 Trans 154.05 Exemptions from odometer disclosure requirements. The transferor of any of the following motor vehicles is not required to disclose the vehicle’s odometer mileage:

Trans 154.05(1) (1) A vehicle that is not self-propelled.