Arizona § 12-631 - Definitions
Full text of Arizona Arizona Revised Statutes § 12-631 — Definitions, with citation guidance and answers to common questions.
§ 12-631. Definitions
In this article, unless the context otherwise requires:
1. "Buyer" means a person who buys or hires a motor vehicle under a retail installment contract.
2. "Direct loan agreement" means an agreement between a lender and a purchaser by which the lender has advanced monies pursuant to a loan secured by a motor vehicle which the purchaser has purchased.
3. "Lease contract" means a contract for or in contemplation of the lease for the use of a motor vehicle, and the purchase of services incidental to the lease, by a natural person for a term exceeding four months primarily for personal, family, household, business or commercial purposes, whether or not it is agreed that the lessee bears the risk of the motor vehicle's depreciation.
4. "Lessee" includes a bailee and means a natural person who leases, offers to lease or is offered the lease of a motor vehicle under a lease contract.
5. "Lessor" includes a bailor and means a person who is engaged in the business of leasing, offering to lease or arranging the lease of a motor vehicle under a lease contract.
6. "Motor vehicle" means a motor vehicle which is required to be registered under title 28, chapter 7.
7. "Purchaser" has the same meaning prescribed in section 47-1201.
8. "Retail installment contract" has the same meaning prescribed in section 44-281 and includes the sale of a motor vehicle between a buyer and a seller primarily for business or commercial purposes.
9. "Secured party" has the same meaning prescribed in section 47-9102.
10. "Security agreement" has the same meaning prescribed in section 47-9102.
11. "Security interest" has the same meaning prescribed in section 47-1201.
12. "Seller" means a person engaged in the business of selling or leasing motor vehicles under a retail installment contract.
Frequently Asked Questions About Arizona § 12-631
What does Arizona Revised Statutes § 12-631 cover?
Section 12-631 ("Definitions") is part of the Arizona Revised Statutes, the codified statutory law of Arizona. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Arizona § 12-631?
A common citation format is "Arizona Revised Statutes § 12-631" (Arizona). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Arizona law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Arizona official source linked on this page or consult a licensed Arizona attorney.
How does Arizona § 12-631 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Arizona can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Arizona.