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.
History: 1953 Comp., § 64-3-109, enacted by Laws 1978, ch. 35, § 56.
Cross references. — For the definition of "reconstructed vehicles", see 66-1-4.15 NMSA 1978.
For the definition of "specially constructed vehicle", see 66-1-4.16 NMSA 1978.
For resale of salvaged vehicles, see 66-3-115 NMSA 1978.
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