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 to the owner, or upon receipt of a certificate of title not so endorsed but accompanied by a legal release from a lienholder of interest in or to a vehicle, shall issue a new certificate of title as upon an original application.
§ 66-3-112 NMSA 1978
Release by lienholder to owner
Known as the Off-Highway Motor Vehicle Act
The act spans §§ 66–66 (277 sections).
1953 Comp., § 64-3-112, enacted by Laws 1978, ch. 35, § 59.
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.