This bill proposes several updates to the current statutes regarding vehicle titles in Arizona. Notably, it introduces a requirement that the endorsement on the certificate of title or title transfer form must be notarized or witnessed, as specified in Section 28-370, unless otherwise stated in Section 28-2091. Additionally, the bill clarifies the process for insurance companies to apply for salvage, stolen, or nonrepairable vehicle certificates of title, specifying that they must submit an application within thirty days after the title is properly assigned, and it outlines the necessary documentation and indemnification requirements for the department.
Furthermore, the bill modifies existing language to streamline the application process for salvage certificates and clarifies the responsibilities of vehicle owners and insurance companies regarding the disclosure of vehicle conditions, particularly concerning airbag systems. It also emphasizes the need for clear communication to buyers about the status of vehicles with salvage titles. Overall, these changes aim to enhance the clarity and efficiency of vehicle title transactions while ensuring consumer protection.
Statutes affected: Introduced Version: 28-2058, 28-2091, 28-370, 28-2094, 28-2051, 28-2060