New Mexico Sample Letter for Mutual Release and Bill of Sale
Description
How to fill out Sample Letter For Mutual Release And Bill Of Sale?
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FAQ
For most private vehicle sales in New Mexico, a bill of sale is not required. However, if the purchase price or odometer statement are missing from the title, then a bill of sale (form MVD-10009) is required.
Does the bill of sale need to be notarized in New Mexico? New Mexico is one of the six states that does require the title or sale form to be notarized to the transfer title or ownership. It applies to both motor vehicles and boats. However, a bill of sale for other personal property is not required to be notarized.
Bill of Sale ? Only required when Assignment of Title or Dealer Assignment is not on the back of the Title. All information on the Bill of Sale must be filled in, and have signatures of both the seller and the buyer.
After Purchasing a Vehicle The bill of sale is not enough to complete a vehicle transfer in New Mexico. Several additional documents are required before the transaction is official.
The original (or certified) copy of the dealer's invoice, bill of sale, or lien information. Proof that your car has liability insurance. Two proofs of New Mexico residency if you do not have a New Mexico driver's license, or your current address is not updated in our system.
