Arizona Repo Laws - Repossession Laws
Repo Laws - Repossession Laws in Arizona:
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.
Shown on title, title mailed to debtor, lien-holder record mailed to lienholder.
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,
As per the UCC, repossession is
allowed and permitted as long as it
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.
Retaking does not bar suit for
price, and vice versa. Confession of
judgment notes are valid.
Lien must appear on title. Secretion
of mortgaged goods is a crime.
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 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.
Repo-Laws.com does not warrant the accuracy of these Repo Laws - Repossession Laws or recovery requirements. The Repo Laws - Repossession Laws or recovery requirements listed on Repo-Laws.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 there.