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AZ 48-0902 2005-2025 free printable template

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REPOSSESSION AFFIDAVIT 48-0902 R01/05 Clear www. azdot. gov Vehicle Identification Number Year Make Registered Owner Names printed Repossession Date Title State I certify that I am the legal owner and a lienholder of record for the vehicle described above that the vehicle is physically located in Arizona and that I repossessed the vehicle upon default pursuant to the terms of the lien and all applicable laws and regulations and that the State of Arizona its agencies employees and agents shall...
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How to fill out arizona repo affidavit

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Gather necessary data such as vehicle information, lender details, and any relevant financial information.
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Who needs arizona repo affidavit?

01
Lenders: Lenders require the Arizona repo affidavit to document the repossession of a vehicle and to secure their financial interests.
02
Borrowers: Borrowers who have faced repossession may need this form to understand their obligations and to provide necessary information to their lenders.
03
Legal Professionals: Legal professionals may use the affidavit to support cases involving repossession disputes or to help clients understand their rights.
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People Also Ask about arizona repo form

A repo agency can only charge you a storage fee for your personal items if you don't collect them right away and instead wait several weeks. That is why it's important to contact the repo agent immediately after you receive a repossession notice.
Your lender has to notify you before repoing the car before it's auctioned off or privately sold. If your car is sold, you'll receive notice of the amount it sold for and whether you still owe a remaining balance (called the deficiency). If you cannot pay this balance, lenders may send it to a collections agency.
Can a repo man move another car to get yours? No, a repossession agent may not do that. But, if the repossession company can't access your car because it is hidden, blocked, or locked up, your lender goes to court to get a replevin. Replevin is a court order compelling the collection of the vehicle.
If you are late on a payment, the creditor can choose to accelerate your loan. You will then owe the creditor the entire amount due on the loan. If you can't pay the entire amount due on the loan in a certain time period (usually 10 days), the creditor can then take back, or repossess, the property.
Repossession Laws In Arizona. In Arizona, a consumer's vehicle may be repossessed by their creditor if they stop making payments or violate any of the terms of their loan. If the creditor has a secured interest in the vehicle, they have the right to conduct a repossession once the consumer enters into default.
Repossession Laws In Arizona. In Arizona, a consumer's vehicle may be repossessed by their creditor if they stop making payments or violate any of the terms of their loan. If the creditor has a secured interest in the vehicle, they have the right to conduct a repossession once the consumer enters into default.
Statute of Limitations The creditor has 4 years from the time it repossessed your car to sue for a deficiency. If more than 4 years have passed, the statute of limitations has run. If you believe the statute of limitations has run, you should notify the creditor and ask them to dismiss the lawsuit.

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An Arizona repo affidavit is a legal document used to declare the repossession of a vehicle in Arizona.
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