Arizona Statutes

§ 28-4416 — Deposits

Arizona·Title 28 Arizona Revised Statutes·Ch. 10 VEHICLE DEALERS, AUTOMOTIVE RECYCLERS AND TRANSPORTERS·Art. 4 Vehicle Dealer Requirements and Restrictions
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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