$16.00
This document primarily used in the State of Idaho for vehicle transactions, specifically to handle the reassignment of a vehicle's title and to formally disclose the vehicle's odometer reading at the time of sale. This form is particularly relevant for auto dealers and is available through organizations like the Idaho State Independent Auto Dealers Association.
The "reassignment" aspect of the form typically comes into play when the original vehicle title has no further spaces for subsequent buyers. This form allows sellers, often dealers, to properly transfer ownership to a new buyer without needing to apply for a new title in their name first, streamlining the sales process.
The "disclosure" portion refers to the mandatory odometer reading declaration. Under Idaho law and federal regulations, sellers are required to disclose the vehicle's mileage to the buyer at the time of transfer, especially for vehicles of a certain age and weight (generally model year 2011 and newer, and under 16,000 lbs. Gross Vehicle Weight). This disclosure is a critical step in preventing odometer fraud, where a vehicle's mileage is illegally rolled back to inflate its value. The information is typically recorded on the title itself, and Form #2300 likely serves as a standardized way to capture and attest to this information during the reassignment process.
In essence, Form #2300 is a crucial document for maintaining accurate vehicle records, protecting consumers, and ensuring that vehicle sales in Idaho are conducted in a lawful and transparent manner, particularly within the used car dealership industry. Falsifying information on such documents, including the selling price or odometer reading, can lead to serious legal penalties.
