What is the penalty for knowingly falsifying an odometer statement?

Penalties for knowingly falsifying an odometer statement are taken very seriously due to the potential for significant harm to consumers. The law aims to protect buyers from fraud, ensuring they have accurate information about a vehicle’s mileage, which is crucial for assessing its value and condition. When someone is found guilty of making false statements regarding odometer readings, they can face severe repercussions, including substantial fines and imprisonment.

This response reflects a legal framework designed to deter fraudulent practices within the used car market and hold individuals accountable for deceptive actions. The substantial financial penalty, coupled with the potential for jail time, highlights the seriousness of the offense. It serves as a warning that falsifying an odometer statement is not just a minor infraction but a criminal act that undermines trust in vehicle transactions.