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Current as of January 01, 2024 | Updated by FindLaw Staff
In addition to any requirements pursuant to Section 1 of this 2018 act, 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, submit copies of the dismantler's notification form as provided for in Section 66-3-124 NMSA 1978 as follows:
A. electronically 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;
B. one copy by certified mail within thirty days of acquisition to the local law enforcement agency designated by the department. The agency shall 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, but in no instance fewer than three years; 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 the purchaser's possession or until the vehicle is destroyed.
Cite this article: FindLaw.com - New Mexico Statutes Chapter 66. Motor Vehicles § 66-3-123. Requirements of purchaser; forms; distribution - last updated January 01, 2024 | https://codes.findlaw.com/nm/chapter-66-motor-vehicles/nm-st-sect-66-3-123/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature or via Westlaw before relying on it for your legal needs.
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