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.
The State of Arizona Durable Power of Attorney with Odometer Disclosure is a legal document that grants an individual, known as the "principal," the authority to appoint another person, referred to as the "agent" or "attorney-in-fact," to handle their financial and other related matters. This power of attorney is specifically designed to include an odometer disclosure, which ensures the agent can handle automotive transactions on behalf of the principal. There are different types of State of Arizona Durable Power of Attorney with Odometer Disclosure, including: 1. General Durable Power of Attorney: This grants the agent broad powers to act on behalf of the principal in various financial matters, such as banking, real estate, investments, and vehicle-related transactions, including odometer disclosure. 2. Limited Durable Power of Attorney: This grants the agent specific powers, limited to certain financial transactions, specified assets, or a specific period. It may still include the authority for odometer disclosure if necessary. 3. Vehicle-specific Durable Power of Attorney: This type of power of attorney focuses solely on automobile transactions. It empowers the agent to handle all matters related to vehicles, including odometer disclosure, purchasing, selling, titling, and registration. State laws may vary, and it is essential to ensure that the power of attorney form complies with all legal requirements and includes the necessary provisions for odometer disclosure. Consulting with a qualified attorney or using a trusted legal document service is advisable to ensure accuracy and compliance.
