New Mexico Statutes
Part 2 - TRANSFER OF TITLE OR INTEREST
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 with the division. Upon receipt of such affidavit, together with such other information as the division may require, and upon payment of the proper fees, the division, in its discretion, may issue a certificate of title for the vehicle named in the affidavit.
History: 1953 Comp., § 64-3-109, enacted by Laws 1978, ch. 35, § 56.
Cross references. — For the definition of "reconstructed vehicles", see 66-1-4.15 NMSA 1978.
For the definition of "specially constructed vehicle", see 66-1-4.16 NMSA 1978.
For resale of salvaged vehicles, see 66-3-115 NMSA 1978.

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Structure New Mexico Statutes

New Mexico Statutes

Chapter 66 - Motor Vehicles

Article 3 - Registration Laws; Security Interests; Anti-Theft Provisions; Bicycles; Equipment; Unsafe Vehicles; Off-Highway Motor Vehicles; Other Vehicles

Part 2 - TRANSFER OF TITLE OR INTEREST

Section 66-3-101 - Transfer by owner; recordation of mileage of vehicle; use of the plate and registration number on another vehicle.

Section 66-3-101.1 - Terminal rental adjustment clauses; vehicle leases that are not sales nor create security interests.

Section 66-3-102 - Endorsement of assignment and warranty of title.

Section 66-3-103 - New owner to secure transfer of registration and new certificate of title; time period; penalty.

Section 66-3-104 - Use of plate and registration number on another vehicle; transfer of registration.