Arizona Revised Statutes § 28-4416 Deposits

28-4416. Deposits

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.

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Last modified: October 13, 2016