The proposed bill, if enacted, would amend current statutes related to vehicle titles and registration by allowing notarized powers of attorney for total loss vehicle settlements to be signed electronically. Specifically, it would permit the use of a commercial product that validates a person's identity according to the National Institute of Standards and Technology's (NIST) Identity Assurance Level 2 (IAL2) or higher. Additionally, the bill clarifies that a power of attorney does not need to be notarized if it is submitted electronically by an authorized agent of a licensed insurance company, as approved by the Director of the Arizona Department of Administration (ADOT).

Furthermore, the bill would make several technical changes, including defining "sign electronically" to encompass the attachment of an electronic sound, symbol, or process to an electronic record, thereby eliminating the need for physical signatures. It also specifies that the Director and designated officers or employees of ADOT may administer oaths and acknowledge signatures without requiring payment of a fee. Overall, these updates aim to streamline the process for handling total loss vehicle settlements and enhance the efficiency of vehicle title and registration activities.

Statutes affected:
Introduced Version: 28-370