N.M. Stat. § 66-3-119
Vehicle to be dismantled.
In addition to any requirements pursuant to Section 1 [66-4-10 NMSA 1978] of this
2018 act:
A. except as provided in Sections 66-3-115, 66-3-116 and 66-3-118 through 66-3-
121 NMSA 1978, any person who sells, gives away, trades or disposes of any vehicle
as scrap or to be dismantled or destroyed by any person required to be licensed under
Section 66-4-1 NMSA 1978 shall assign the certificate of title of the vehicle to the
recipient and shall deliver the certificate of title to the recipient. A licensed dismantler
receiving any registration plates shall either return them to the owner upon demand or
destroy them within five days;
B. except as provided in Sections 66-3-115, 66-3-116 and 66-3-118 through 66-3-
121 NMSA 1978, no person shall dismantle or destroy a vehicle unless the person
possesses a certificate of title or other proof of ownership of the vehicle and completes
and sends in the dismantler's notification form to the division and any law enforcement
agency designated by the division for that purpose; and
C. any person licensed under Section 66-4-1 NMSA 1978 may take possession of
an abandoned vehicle; provided that:
(1)
the person obtains at the time of acquisition a written clearance form from
a law enforcement agency mentioned in Section 66-3-121 NMSA 1978;
(2)
within five days after acquisition of the abandoned vehicle, the person
requests from the division an official form indicating the names and addresses of all
lienholders and owners of record. If the abandoned vehicle has out-of-state license
plates or the licensee has some other reason to believe that the abandoned vehicle is
registered in a state other than New Mexico, the person shall request the same
information from the appropriate agency of that state;
(3)
within five days after receiving the names and addresses of all lienholders
and owners of record, the person informs them by certified mail, return receipt
requested, of the person's possession of the abandoned vehicle and of all charges, if
any, against the abandoned vehicle and of the person's intent to dispose of the vehicle if
no claim is made within thirty days after the delivery of the letter;
(4)
in those cases where neither the division nor the appropriate state agency
specified in this section is able to furnish the names of any lienholders or owners of
record, the vehicle shall then be deemed as abandoned, and a licensed dismantler may
dispose of the abandoned vehicle once the dismantler has properly completed a
dismantler's notification form for the abandoned vehicle and has submitted the form to
the division together with a copy of the correspondence with either the division or the
state agency specified in this section indicating that there are no lienholders or owners
of record;
(5)
when a lienholder or owner of record is known and the required notice has
been sent and the dismantler has waited the required thirty days and has not received a
valid claim, the dismantler shall properly complete a dismantler's notification form for the
abandoned vehicle and submit the form together with any correspondence with the
division or appropriate state agency specified in this subsection indicating the names
and addresses of lienholders and owners of record plus proof of notification together
with an affidavit signed by the dismantler stating under oath or affirmation that the
dismantler has complied with provisions of this section and the dismantler has not
received during the thirty-day period following notification any valid claim against the
abandoned vehicle in question or, while a valid claim has been made, the dismantler
has not received within sixty days following the notification payment for fees connected
with towing and storage of the abandoned vehicle in question;
(6)
any person who fails to give notice required in this subsection within the
time limit specified shall forfeit all liens, interest and claims to the abandoned vehicle in
question if claimed by an owner or lienholder;
(7)
failure of an owner or lienholder to assert a claim or to pay all legal
storage or towing fees, if any, within the specified period of time shall result in that
person's forfeiture of liens, interest or claims to the abandoned vehicle; and
(8)
upon complying with the conditions of this section and waiting the required
period of time, the abandoned vehicle is the property of the dismantler for dismantling or
salvage purposes, and the dismantler shall not be required to take further action under
the lien laws of this state unless the abandoned vehicle is used for other than
dismantling or salvage purposes, and any person licensed under Section 66-4-1 NMSA
1978 may dismantle or destroy the abandoned vehicle.