Arizona Revised Statutes (Last Updated: March 31, 2016) |
Title 28. Transportation |
Chapter 10. VEHICLE DEALERS, AUTOMOTIVE RECYCLERS AND TRANSPORTERS |
Article 4. Vehicle Dealer Requirements and Restrictions |
Sec 28-4416. Deposits
Latest version.
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A broker shall only accept a purchase deposit that is made payable to a motor vehicle dealer. A broker shall not accept a purchase deposit relating to the sale of a motor vehicle unless the motor vehicle is available to the broker at the broker's licensed place of business or is available as prescribed in section 28-4415 at the time either the broker or motor vehicle dealer accepts the deposit.