Arizona
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| 2010 |
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| Title 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: $3.00 by mail. |
| Recording |
Must be recorded with county Recorder of County in which goods are situated at the time of sale. Commercial Code adopted January, 1968. |
| Recovery |
Peaceful repossession permitted. |
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| Redemption |
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 |
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 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. Plates: Plates stay with the vehicle. Registration is transferred as part of title transfer transaction. |
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