GIADA Member Update

15
Dec

Changes to Odometer Disclosures on Older Vehicles

NOTICE TO THE GENERAL PUBLIC AND COUNTY TAG OFFICES
Odometer Disclosures on Older Vehicles

What is the purpose of this notice?
The National Highway Traffic Safety Administration (NHTSA) issued a new rule, effective January 1, 2021, that changes odometer disclosure requirements when a vehicle is transferred. In response, the Georgia Department of Revenue’s Motor Vehicle Division (MVD) and County Tag Offices must change procedures for title transfers of vehicles that are 10 years old or older, based on the model year.

Beginning January 1, transferors and lessors will be required to disclose the odometer reading for 2011-model-year vehicles. MVD will be required to capture odometer readings for 2011-model-year vehicles until 2031. Prior NHTSA rules exempted all vehicles more than 10 years old from odometer disclosures. Each year, NHTSA will expand the 20-year disclosure period to another model year until the odometer disclosure requirements apply to all motor vehicles that are less than 20 years old.

Why did NHTSA change the 10-year exemption?
NHTSA changed the rule because motor vehicles are lasting longer and retaining more value. The average age of motor vehicles on the road is now almost 12 years. As more vehicles last beyond 10 years and become exempt from the odometer disclosure rule, the risk of odometer fraud goes up.

Who is affected by the rule change?
This rule affects all transfers of vehicles, whether conducted through a licensed dealer, a private sale, a court-mandated transfer or other legally required transfer or any other method. This rule affects anyone buying, selling or transferring a motor vehicle—even if acting as an agent or under a power of attorney—when dealing with a 2011-model-year or newer vehicle. Among others, this rule affects the following parties:
• Motor vehicle owners and lessors
• County Tag Offices
• Dealers (franchise and independent) and their professional associations
• Vendors and software providers
• Banks, financial institutions, other lienholders and their professional associations
• Auctions
• Insurance companies and their professional associations

Click here to download the bulletin.

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