The division may suspend or revoke the registration of a vehicle or a certificate of title, registration evidence, or registration plate or any nonresident permit or other permit in any of the following events:
A. when the division is satisfied that such registration or that such certificate, card, plate or permit was fraudulently or erroneously issued;
B. when the division determines that a registered vehicle is mechanically unfit or unsafe to be operated or moved upon the highways;
C. when a registered vehicle has been dismantled or wrecked;
D. when the division determines that the required fee has not been paid and the same is not paid upon reasonable notice and demand;
E. when a registration evidence, registration plate, or permit is knowingly displayed upon a vehicle other than the one for which issued;
F. when the division determines that the owner has committed any offense under the Motor Vehicle Code [ 66-1-1 NMSA 1978] involving the registration, or the certificate, registration evidence, plate or permit; or
G. when the division is so authorized under any other provision of law.