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.
§ 66-3-109 NMSA 1978
Dealer's guarantee of title
Known as the Off-Highway Motor Vehicle Act
The act spans §§ 66–66 (277 sections).
1953 Comp., § 64-3-109, enacted by Laws 1978, ch. 35, § 56.
Official source: NMOneSource (New Mexico Compilation Commission). Reproduced from public-domain New Mexico statutes; confirm against the official source for the current text. Not legal advice.