Carvana Confirms Federal Legality of e-Signatures on Odometer Disclosure Documents with NHTSA Letter of Interpretation
Carvana Co. Class A (CVNA)
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Source: Business Wire
PHOENIX--(BUSINESS WIRE)--Carvana, an industry pioneer for buying and selling used cars online, today shared a Letter of Interpretation from the National Highway Traffic Safety Administration (NHTSA) affirming the legality of electronic signatures (e-signatures) on physical odometer disclosure documents. Carvana pursued this clarification, with support from other industry leadership groups, as part of its ongoing advocacy for DMV process modernization to drive better experiences for car buyers and sellers across the country."We are pleased to share NHTSA's Letter of Interpretation, which affirms the federal legality of using e-signatures on physical odometer disclosure documents and paves the way for Motor Vehicle Administrations across the country to swiftly authorize and adopt this customer-friendly paradigm," said Tony Hall, Senior Government Affairs Manager at Carvana.Federal laws established in the late 1980s require most passenger vehicles to complete a specific process and
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- CVNA's page on the SEC website