Chapter 6, Section C|
1. Late Transfer Penalty (code 70) 66-3-103
A $20.00 late transfer fee applies if Application for Title is made after 30 days from the date of purchase, unless the 30th day falls on a weekend or a holiday. Then the next working day is considered the 30th day. This penalty does not apply when transferring out-of-state titles or MCO’s.
If the applicant has made an effort to transfer the vehicle within the given time frame and has in his possession MVD Form 10282 “Notice of Additional Requirements for Completion of Vehicle Transactions”, the penalty will be waived. The applicant cannot provide an updated bill of sale to avoid the penalty. The date of the original bill of sale shall be the determining factor in assessing the penalty.
2. Late Registration Penalty (Code 52)
3. Bad Check Penalty (66-6-34a NMSA 1978)