10-21-2020, 11:42 AM
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#1071 (permalink)
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Not Doug
Join Date: Jun 2012
Location: Show Low, AZ
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In the absence of the regularly required supporting evidence of ownership upon application for certificate of title, [...], the division may accept an undertaking or surety bond, in an amount double the value of the boat or vehicle...
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A Motor Vehicle Division Certified VIN Inspector must inspect the vehicle.
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An “NCIC Clearance”, is a statement from law enforcement indicating that the vehicle is not listed as “STOLEN” on their files. Applicant must submit a completed NCIC Certificate of Clearance.
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The applicant must purchase the bond from a bonding company authorized to do business in New Mexico. The bond must be for twice the value of the vehicle and issued for a term not to expire for three years after issuance. The value of the vehicle for bonding purposes must be comparable to the most recent NADA Used Car Guide Listing
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Odometer Mileage Statemen
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Fees for Title and Registration Issued with Bond
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Chapter 10, Section F:
General Surety, Indemnity or Certificate of Title Bond
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"Oh if you use math, reason, and logic you will be hated."--OilPan4
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