REFERENCE TITLE: vehicle finance transaction; clear title

State of Arizona

House of Representatives

Fifty-fifth Legislature

Second Regular Session

2022

HB 2813

Introduced by

Representatives Liguori: Abraham, Andrade, Blackwater-Nygren, Cano, Dalessandro, Fernandez B, Hernandez M, Longdon, Mathis, Quiñonez, Schwiebert, Solorio

An Act

amending title 44, chapter 2.1, article 1, Arizona Revised Statutes, by adding section 44-292; relating to motor vehicle time sales.

(TEXT OF BILL BEGINS ON NEXT PAGE)

Be it enacted by the Legislature of the State of Arizona:

Section 1. Title 44, chapter 2.1, article 1, Arizona Revised Statutes, is amended by adding section 44-292, to read:

START_STATUTE44-292. Clear title required

A seller, bailor, lender or lessor may not enter into a secondary motor vehicle finance transaction with a borrower if the borrower does not possess a clear title to the motor vehicle that the borrower uses to secure that motor vehicle finance transaction.END_STATUTE