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Arizona
Repossession Laws
Quick Answers:
Where do I refer to for Title or
License Registration?
For state Title and License Information,
refer to:
The Arizona Department of
Transportation
Motor Vehicle Division
1801 W. Jefferson
Phoenix, Arizona 85007
Tel. (602) 255-7011.
Fees for search
of records are $3.00 by US mail.
Security Interests:
Shown on
title, title mailed to debtor,
lien-holder record mailed to
lienholder.
Recording Requirements:
Must be recorded with Recorder of
County in the county in which goods
are situated at the time of sale.
Commercial Code adopted in January,
1968.
Recovery Requirements:
As per the UCC, repossession is
allowed and permitted as long as it
is peaceful.
Redemption Requirements:
Debtor can redeem within 10 days
after seizure. If 50% of purchase
price has been paid, public sale
with notice is required. If more
than $500.00 has been paid,
publication in newspaper is also
required. Less than 50% or $500.00,
private sale permitted.
Deficiency Requirements:
Retaking does not bar suit for
price, and vice versa. Confession of
judgment notes are valid.
Special Motor Vehicle Provisions:
Lien must appear on title. Secretion
of mortgaged goods is a crime.
Documents Required to Transfer
Ownership of Motor Vehicle:
Certificate of title in name of
registered owner with Power of
Attorney signed by registered owner
and lien termination statement or
certificate of title in name of
legal owner, properly endorsed to
make instrument negotiable.
Documents Required for
Liquidation:
Arizona Lien-holder
record or out-of-state title, AZ MVD
"Affidavit of Repossession/Bill of
Sale" form and vehicle inspection if
vehicle not previously registered in
Arizona.
Plates:
Plates belong to the registered
owner of the vehicle. They remain
with the debtor. Within 30 days, you
must either transfer the plate
credit to another vehicle you own or
request a refund (EZ Refund.
All recovery requirements and fees are
current as of 2002.
Quick-Repo.com does not warrant the accuracy of these laws. The laws
listed on Quick-Repo.com are
only a starting point for reference,
and are not meant to be legal advice or a replacement for legal console. Please consult a repo company in your area, county, or
state if you have any questions
about repossession service there.
View
repo laws at
RepoLaws.info and
repossession laws at
RepossessionLaws.info
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