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(a) An owner transferring ownership of a vehicle shall complete the assignment and the odometer disclosure statement on the title and deliver the title to the buyer.
(b) The department will, in the department's discretion, reject an application for title if the applicant does not surrender the title or another document with an odometer disclosure statement that complies with 49 C.F.R. Part 580, revised as of October 1, 1991.
(c) Only the owner or a legal representative of the owner as shown on the face of the title may sign the odometer disclosure statement.
(d) A person may not sign the odometer disclosure statement as both buyer and seller in the same transaction.
(e) The odometer disclosure statement is not required for a vehicle
(1) having an unladen weight of more than 12,000 pounds;
(2) that is not self-propelled;
(3) that is 10 years old or older;
(4) that has not been previously titled or registered.
History: Eff. 10/2/92, Register 123
Authority: AS 28.05.011
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Last modified 7/05/2006