This form is a durable power of attorney. The form provides that the agent of the principal is only authorized to use the principal's funds for the best interest of the principal. If the agent fails to comply with principal's instructions, the agent then may be liable for criminal charges or civil liability.
Az Power Of Attorney With Odometer Disclosure
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This written disclosure must be signed by the transferor, including the printed name, and shall contain the following information: (1) The odometer reading at the time of the transfer (not to include tenths of miles); (2) The date of the transfer; (3) The transferor's name and current address; (3a) The transferee's ...
Federal and State law require that the seller states the mileage in connection with the transfer of ownership. Failure to complete the odometer statement, or providing a false statement, may result in fines and/or imprisonment.
Section 501.072 requires the transferor of a motor vehicle transferred in this state to provide to the transferee a disclosure of the vehicle's odometer reading at the time of the transfer in compliance with 49 U.S.C.
An Arizona vehicle power of attorney (Form 48-1001), offered by the Arizona Department of Motor Vehicles (DMV), allows a principal to grant an agent the power to take and transfer titles of any vehicles owned by the principal.
The Odometer Disclosure Statement must be signed by both the seller and the buyer, and it should include details such as the make, model, year, mileage reading at time of sale, and odometer type.