Section 66-3-124 – Department to provide forms.
In addition to any requirements pursuant to Section 1 [66-4-10 NMSA 1978] of this 2018 act, the department shall issue a dismantler’s notification form to be used by any persons licensed under the provisions of Section 66-4-1 NMSA 1978 for all vehicles purchased to be dismantled, crushed or otherwise destroyed. The form shall require such […]
Section 66-3-125 – Restrictions upon licensees.
In addition to any requirements pursuant to Section 1 [66-4-10 NMSA 1978] of this 2018 act, a person licensed under the provisions of Sections 66-4-1 through 66-4-7 and 66-4-9 NMSA 1978 may, no earlier than thirty days after sending the dismantler’s notification form as required by Section 66-3-123 NMSA 1978, proceed with the business of […]
Section 66-3-115 – Notification forms; copies; resale of salvaged vehicle or motor vehicle.
A. No person licensed under Section 66-4-1 NMSA 1978 shall sell, give away or otherwise dispose of any vehicle or motor vehicle obtained in the course of business unless he has properly filled out a dismantler’s notification form and mailed one copy of that form to the division of motor vehicles and one copy of […]
Section 66-3-106 – Owner after transfer not liable for negligent operation.
The owner of a vehicle who has made a bona fide sale or transfer of his title or interest, and who has delivered possession of such vehicle and the certificate of title properly assigned to the purchaser or transferee, shall not be liable for any damages thereafter resulting from negligent operation of such vehicle by […]
Section 66-3-107 – Duties of seller or transferor; additional duties of dealers; application for registration; penalty; mileage of vehicle.
A. Any seller or transferor, including a dealer, of a vehicle required to be registered pursuant to the Motor Vehicle Code [66-1-1 NMSA 1978] shall furnish to the purchaser upon delivery the necessary title properly assigned and shall inform the purchaser that application for registration must be filed with the department within thirty days of […]
Section 66-3-108 – Transfer to dealers.
When the transferee of a vehicle is a dealer who holds the vehicle for resale and does not drive the vehicle or permit it to be driven upon the highways, the dealer shall not be required to obtain transfer of registration of the vehicle or forward the certificate of title to the department. However, the […]
Section 66-3-109 – Dealer’s guarantee of title.
A dealer licensed under the Motor Vehicle Code [66-1-1 NMSA 1978] may guarantee the title to a specially constructed or reconstructed vehicle for which no title exists, and may guarantee the title of any vehicle for which the certificate of title cannot be obtained. Such guarantee shall be in the form of an affidavit filed […]
Section 66-3-110 – When division to reregister vehicle and issue new certificate.
A. The division upon receipt of a properly endorsed certificate of title, current registration evidence and proper application for registration or transfer of registration accompanied by the required fee and when satisfied as to the genuineness and regularity of the transfer and of the right of the transferee to a certificate of title shall reregister […]
Section 66-3-111 – Assignment by person holding lien.
Any person holding a lien or encumbrance upon a vehicle, other than a lien dependent solely upon possession, may assign his title or interest in or to such vehicle to a person other than the owner without the consent of, and without affecting the interest of such owner or the registration of such vehicle, but […]
Section 66-3-112 – Release by lienholder to owner.
A person holding a lien or encumbrance as shown upon a certificate of title for a vehicle may release such lien or encumbrance or assign his interest to the owner without affecting the registration of said vehicle. The division, upon receiving a certificate of title upon which a lienholder has released or assigned his interest […]