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True or False: If a dealer knows the odometer of a vehicle is inaccurate and cannot provide any indication of what the true mileage might be, they must write on the contract "TMU" (which stands for "true mileage unknown").

  1. True

  2. False

The correct answer is: True

A dealer is indeed required to disclose when the true mileage of a vehicle is unknown. If they are aware that the odometer is inaccurate and cannot provide any information about what the actual mileage might be, it is a legal requirement to mark the contract with "TMU," indicating "true mileage unknown." This notation protects consumers by ensuring they are informed about the uncertainty surrounding the vehicle's mileage, which can significantly affect its value and condition. By providing this information transparently, the dealer upholds ethical practices and complies with regulations designed to protect consumers from potential deceptive practices in the automotive sales industry.