Page:United States Statutes at Large Volume 100 Part 4.djvu/573

 PUBLIC LAW 99-579—OCT. 28, 1986

100 STAT. 3309

Public Law 99-579 99th Congress An Act To amend section 408 of the Motor Vehicle Information and Cost Savings Act to strengthen, for the protection of consumers, the provisions respecting disclosure of motor vehicle mileage when motor vehicles are transferred.

Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SECTION 1. SHORT TITLE.

This Act may be cited as the "Truth in Mileage Act of 1986". SEC. 2. MOTOR VEHICLE ODOMETER MODIFICATIONS.

(a) TRANSFERS OF MOTOR VEHICLES.—Section 408 of the Motor Vehicle Information and Cost Savings Act (15 U.S.C. 1988) is amended by adding at the end the following: "(d)(l)(A) Any motor vehicle the ownership of which is transferred may not be licensed for use in any State unless the transferee, in submitting an application to a State for the title upon which such license will be issued, includes with such application the transferor's title and, if that title contains the space referred to in paragraph (2)(A)(iii), a statement, signed and dated by the transferor, of the mileage disclosure required under subsection (a). "(B) This paragraph shall not apply to any transfer of ownership of a motor vehicle which has not been licensed before the transfer. "(2)(A) Any motor vehicle the ownership of which is transferred may not be licensed for use in any State unless the title which is issued by the State to the transferee following such transfer— "(i) is set forth by means of a secure printing process (or other secure process); "(ii) indicates the mileage disclosure required to be made under subsection (a); and "(iii) contains a space for the transferee to disclose (in the ' event of a future transfer) the mileage at the time of such future transfer and to sign and date such disclosure. "(B) The requirements of subparagraph (A) shall not be construed to require a State to verify, or preclude the State from verifying, the mileage information contained in the title. "(e)(l) In the case of any leased motor vehicle, the rules under subsection (a) shall require written disclosure regarding mileage to be made by the lessee to the lessor upon the lessor's transfer of ownership of the leased motor vehicle. "(2) Under such rules, the lessor of a leased motor vehicle shall provide written notice to the lessee regarding— "(A) such mileage disclosure requirements, and "(B) the penalties for failure to comply with them. "(3) The lessor shall retain the disclosures made by any lessee with respect to any motor vehicle under paragraph (1) for a period of at least 4 years following the date the lessor transfers that vehicle. "(4) For purposes of this section, if the lessor transfers ownership of any leased motor vehicle without obtaining possession of such

Oct. 28, 1986 [S. 475]

Truth in Mileage Act of 1986. State and local governments. 15 USC 1901 note.

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