The proposed bill would amend current statutes related to vehicle titles and registration by allowing a power of attorney (POA) to be signed electronically and printed using a commercial product that meets specific identity assurance standards. Specifically, it would enable agents to execute a POA without notarization for total loss settlements, provided the POA is submitted electronically to the Arizona Department of Transportation (ADOT). Additionally, the bill introduces a requirement for a notation to be included near the electronic signature, indicating that it was obtained through a recognized authentication process.

Furthermore, the bill clarifies definitions and processes related to repossession affidavits, stating that such affidavits serve as proof of ownership and transfer rights for lienholders. It specifies that the director of ADOT must prescribe the form and content of these affidavits and outlines that the state and its agencies are not liable for relying on the content of the affidavits. Overall, the bill modernizes the handling of electronic signatures and repossession documentation in vehicle title transactions.

Statutes affected:
Introduced Version: 28-370
House Engrossed Version: 28-370
Senate Engrossed Version: 28-370, 28-2060
Chaptered Version: 28-370, 28-2060