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Chapter 9, Section F: Salvage Certificate of Title or Reconditioned Title
Any time a vehicle is transferred and the
original document is a Certificate of Title branded as “SALVAGE”, all
subsequent titles issued must be branded and stamped “Salvage.” The
stamp must be placed at a 45-degree angle on the empty space next to the
registered owner's name on the Certificate of Title and the Application
for Vehicle Title and Registration.
Reconditioned” title
Some other states issue a “Reconditioned”
title
that is equivalent to our “Salvage” titles, and is a negotiable title. Upon transfer of
title and
registration of a vehicle that has a "Reconditioned" title,
enter "Salvage" in the “brand” block.
Salvage Certificate
Other states also issue a “Salvage
Certificate” to show ownership. This document serves to cancel the original
title until the vehicle is made roadworthy. The vehicle must be
inspected, and a “Reconditioned Title” issued, in the state of issue
before a New Mexico title can be issued. |