2017 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 66-3-123 - Requirements of purchaser; forms; distribution.
66-3-123. Requirements of purchaser; forms; distribution.
Purchasers licensed under the provisions of Section 66-4-1 NMSA 1978 shall, upon purchase of a vehicle to be dismantled, crushed or otherwise destroyed, send copies of the dismantler's notification form as provided for in Section 66-3-124 NMSA 1978 to the following persons:
A. one copy to the department as required by Section 66-3-121 NMSA 1978 along with the actual title or proof of ownership required in the state in which the vehicle is registered or licensed, provided that, with the prior approval of the department, the required information may be transmitted electronically to the department in lieu of submitting a copy of the form;
B. one copy by certified mail within thirty days of acquisition to the local law enforcement agency designated by the department. The agency must process the form through the files of stolen or embezzled vehicles within five days of receipt of the form;
C. one copy to be retained by the purchaser for as long as the vehicle remains in the purchaser's possession or until the vehicle is destroyed; and
D. one copy to be retained and provided to any subsequent purchaser of the vehicle. The purchaser shall retain the copy for as long as the vehicle remains in his possession or until the vehicle is destroyed.
History: 1953 Comp., 64-3-123, enacted by Laws 1978, ch. 35, 70; 1991, ch. 160, 8.
