N.M. Admin. Code § 18.19.3.51

Current through Register Vol. 35, No. 22, November 19, 2024

Section 18.19.3.51 - SALVAGE-BRANDED TITLES - STOLEN VEHICLES

A. A salvage-branded title need not be issued to a stolen but unrecovered vehicle.

B. If, subsequent to the recovery of a stolen vehicle, it is determined that it meets the definition of a salvage or non-repairable motor vehicle as set forth in Subsection C of Section 66-1-4.16 NMSA 1978 or Subsection A of Section 66-1-4.12 NMSA 1978, the owner must follow the procedures set forth in statute or regulation for obtaining a salvage title or non-repairable certificate.

3/6/92, 7/19/94, 10/31/96; 18.19.3.51 NMAC - Rn, 18 NMAC 19.3.11.2, 9/14/00; A, 9/15/06