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 the vehicle as upon a new registration in the name of the new owner and issue a new certificate of title as upon an original application.
B. If the vehicle is a manufactured home, the division shall require in addition to those conditions set out in Subsection A of this section a certificate from the treasurer or assessor of the county in which the manufactured home is located showing that either:
(1) all property taxes due or to become due on the manufactured home for the current tax year or any past tax years have been paid; or
(2) no liability for property taxes on the manufactured home exists for the current year or any past tax years.
C. The division shall retain and appropriately file every surrendered certificate of title. The file shall be so maintained as to permit the tracing of title of the vehicles designated therein.
History: 1953 Comp., § 64-3-110, enacted by Laws 1978, ch. 35, § 57; 1983, ch. 295, § 28.
Cross references. — For definition of "division", see 66-1-4.4 NMSA 1978.
Structure New Mexico Statutes
Part 2 - TRANSFER OF TITLE OR INTEREST
Section 66-3-102 - Endorsement of assignment and warranty of title.
Section 66-3-105 - Transfer by operation of law.
Section 66-3-106 - Owner after transfer not liable for negligent operation.
Section 66-3-108 - Transfer to dealers.
Section 66-3-109 - Dealer's guarantee of title.
Section 66-3-110 - When division to reregister vehicle and issue new certificate.
Section 66-3-111 - Assignment by person holding lien.
Section 66-3-112 - Release by lienholder to owner.
Section 66-3-113 - Failure to deliver certificate; penalty.
Section 66-3-115 - Notification forms; copies; resale of salvaged vehicle or motor vehicle.
Section 66-3-116 - Title cancellation.
Section 66-3-119 - Vehicle to be dismantled.
Section 66-3-120 - Transportation of certain vehicles; proof of ownership.
Section 66-3-121 - Disposal of abandoned vehicle or motor vehicle.
Section 66-3-122 - Registration effective after death of owner.
Section 66-3-123 - Requirements of purchaser; forms; distribution.
Section 66-3-124 - Department to provide forms.
Section 66-3-125 - Restrictions upon licensees.
Section 66-3-126 - Casual sales; place of sale; advertising; penalty.
Section 66-3-127 - Warning of violation; removal of vehicle.