44-1371. Motor vehicle transactions; conditional financing; traded motor vehicle; advertised price; definition
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/az/title-44/44-1371A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
A. If a sale or lease of a motor vehicle from a motor vehicle dealer or a lessor to a customer is conditioned on final approval of financing by a lender or lessor, the motor vehicle dealer or lessor shall retain title and possession of any motor vehicle traded by a customer as part of the transaction until financing is finally approved or the traded motor vehicle is returned to the customer. Any remedy for a violation of this section may not be waived, modified or limited by agreement or contract.
B. If a motor vehicle dealer charges a document fee for a motor vehicle transaction, the motor vehicle dealer must clearly and conspicuously disclose in its advertisement for a motor vehicle that a document fee will be charged for a motor vehicle transaction.
C. For the purposes of this section, "motor vehicle dealer" has the same meaning prescribed in section 28-4301.