Az Power Of Attorney With Odometer Disclosure

State:
Arizona
Control #:
AZ-POA-3
Format:
Word; 
Rich Text
Instant download

Description

The Az Power of Attorney with Odometer Disclosure is a legal document that allows a principal to appoint an Attorney-In-Fact to manage specific financial or property-related matters on their behalf. Key features include the ability to outline powers granted to the Attorney-In-Fact, the specification of when these powers commence, and provisions for reimbursement of expenses incurred while acting in this capacity. This form includes important sections for initialing authorizations for gifting, ensuring the Attorney-In-Fact acts in the best interest of the principal, and provides witness verification to enhance its validity. The document can be filled out by individuals looking to assign authority for specific transactions, such as vehicle title transfers, where odometer disclosure is legally mandated. Attorneys, partners, owners, associates, paralegals, and legal assistants will find this form useful for creating legally sound representations of their clients’ wishes, ensuring compliance with state laws while enabling smoother property transactions. It serves as a vital resource for aiding clients in managing their assets and making informed decisions, particularly in cases involving incapacity or the need for delegated authority.
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FAQ

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.

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Az Power Of Attorney With Odometer Disclosure