Statutes > 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, 66-3-1 through 66-3-1103. > Section 66-3-103 - New owner to secure transfer of registration and new certificate of title; time period; penalty.

Section 66-3-103 - New owner to secure transfer of registration and new certificate of title; time period; penalty.

66-3-103. New owner to secure transfer of registration and new certificate of title; time period; penalty.

A.     Except as otherwise provided by law, the transferee before operating or permitting the operation of the vehicle or boat on a highway or waterway shall present to the division the certificate of registration and the properly assigned certificate of title and shall apply for and obtain a new certificate of title and a new registration for the vehicle.   

B.     Failure to apply for transfer of registration and issuance of a new certificate of title within thirty days from the date of transfer subjects the transferee to a penalty of twenty dollars ($20.00).  The penalty shall be collected by the division and shall be in addition to other fees and penalties provided by law.