HOUSE BILL 294
54th legislature - STATE OF NEW MEXICO - second session, 2020
RELATING TO LICENSE PLATES; REQUIRING LICENSE PLATE ISSUANCE UPON TRANSFER OF MOTOR VEHICLE OWNERSHIP; MAKING AN APPROPRIATION.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF NEW MEXICO:
SECTION 1. Section 66-3-10 NMSA 1978 (being Laws 1978, Chapter 35, Section 30, as amended) is amended to read:
"66-3-10. [DIVISION] DEPARTMENT TO ISSUE CERTIFICATE OF TITLE [AND], EVIDENCE OF REGISTRATION, REGISTRATION PLATE AND VALIDATION STICKER--RELEASE OF LIEN--ODOMETER STATEMENT.--
A. The [division] department, upon registration of a vehicle, shall issue a certificate of title and evidence of registration; an odometer statement may appear on one or both of these documents.
B. Except for certificates of title issued pursuant to Section 66-3-2, 66-3-27 or 66-3-423 NMSA 1978 and for manufactured homes, school buses, state government vehicles, motorcycles and off-highway motor vehicles, upon issuance of a new certificate of title or upon transfer of a certificate of title, the department shall issue a registration plate and a validation sticker to the owner of the vehicle.
[B.] C. The registration evidence shall be delivered to the owner and shall contain upon its face the date issued, the name and address of the owner, the registration number assigned to the owner and such description of the vehicle registered to the owner as determined by the [director] secretary.
[C.] D. The certificate of title shall contain the identical information required on the registration evidence and in addition a statement of the owner's title and of all liens and encumbrances upon the vehicle.
[D.] E. The certificate of title shall contain a space for the release of any lien, space for assignment of title or interest and warranty by the owner and space for notation of liens and encumbrances upon the vehicle at the time of transfer.
[E.] F. The certificate of title shall be delivered to the owner in the event no lien or encumbrances appear thereon, otherwise the certificate of title shall be delivered to the person named to receive it in the application for certificate.
[F.] G. Whenever the owner of a vehicle subject to registration transfers [his] the person's title or interest in the vehicle to a nonresident who desires to title the vehicle in the state of [his] the nonresident's residence, the [division] department upon receiving application and the payment of the proper fee shall issue a certificate of title only and record on the certificate all liens and encumbrances."
SECTION 2. APPROPRIATION.--Three hundred thousand dollars ($300,000) is appropriated from the general fund to the taxation and revenue department for expenditure in fiscal year 2021 to offset the cost to the department of issuing new license plates as required by this act. Any unexpended or unencumbered balance remaining at the end of fiscal year 2021 shall revert to the general fund.
SECTION 3. EFFECTIVE DATE.--The effective date of the provisions of this act is January 1, 2021.
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