28-4073 - Arizona Statutes

28-4073. Suspension length; reinstatement; designated fund A. The license, registration and nonresident operating privilege shall remain suspended and the director shall not renew or issue a license or registration in the name of the person, including a person not previously licensed, until each judgment is satisfied in full or to the extent provided by this chapter or unless the judgment creditor failed to renew the judgment as provided in title 12, chapter 9, article 6 or the judgment is otherwise legally unenforceable and the person gives proof of financial responsibility subject to the exemptions stated in sections 28-4072 and 28-4075. If the judgment creditor fails to renew the judgment, the director shall consider the judgment satisfied beginning on the date of its expiration. B. On receipt of an affidavit executed by a judgment debtor stating that a diligent search to locate the judgment creditor has been made and reciting with particularity the steps taken and that the judgment creditor or the successor in interest could not be found for the purpose of receiving payment of the judgment and on payment of the amount of the judgment to the department in a fund designated for that purpose, the director may reinstate the license, registration and nonresident operating privilege of the judgment debtor. The director shall hold the monies in trust for the purpose of satisfying the judgment. Monies deposited in the fund revert to the state general fund five years from the date of the deposit if not claimed by the judgment creditor. C. Notwithstanding section 28-4088, a person whose license, registration or nonresident operating privilege is reinstated shall maintain proof of financial responsibility for two years after the judgment is satisfied.