What is the name of your state (only U.S. law)? Colorado
I took my car and the title to a local dealership and traded it in. The title to my car read 100,000 (Actual) miles on it. My cars odometer read 50,000 miles on it. I signed the Power of Attorney (which had the odometer disclosure on it), stating that the mileage of my car had 50,000 (Actual) miles. The descrepency between the title and car's milage happened because when I completed the title work for my car, I didnt have it with me, so I just guessed the mileage.. Well, a few months after trading in the vehicle for the value of 50,000 miles, the dealership gave me a phone call. They said I needed to come and sign a new Power of Attorney stating that at the time of the trade in, the mileage of the vehicle was NOT 50,000.
I refused to sign it, because it would be untrue. The actual mileage of my vehicle, according to the odometer on the vehicle, was 50,000 miles at the time of the trade in. I have plenty of service records, from before and after I completed the title work proving that the mileage of the vehicle never reached above 50,000 miles.
So now, I just got a phone call from the attorney representing the car dealership, saying that he's representing them to handle this issue. From what the car dealership has told me, they need me to sign this new Power of Attorney so that they can complete the title work for the new owners. What do I do? Can I be held accountable for fraud, or any other federal crime for this? Shouldn't the dealership have not bought my vehicle if they were going to have trouble completing a title for new owners?