A certificate of title is a legal proof of ownership that is governed by state laws, which vary by state. Certificates of title are often issued for automobiles and watercraft. State laws may require that upon the sale of a car, the seller must provide the buyer with a certificate of title within a certain time period. If a person buys a vehicle from an individual, usually the purchaser is responsible for the transfer of the title.
An application for a transfer of title usually must be accompanied by previous owner's assigned, notarized, Certificate of Title; registration card, Bill of Sale from non-titled state accompanied by Motor Vehicle VIN Inspection Certificate.
New Mexico Affidavit Regarding Loss of Certificate of Title to Vehicle is a legal document used in the state of New Mexico when an individual has lost or misplaced their vehicle's certificate of title. This affidavit serves as a substitute for the original title and allows the owner to apply for a duplicate title from the New Mexico Motor Vehicle Division (MVD). The New Mexico MVD requires individuals to complete the Affidavit Regarding Loss of Certificate of Title to Vehicle when the original title has been lost, stolen, damaged, or destroyed. This affidavit is necessary to initiate the process of obtaining a duplicate title, and it is important to provide accurate information in order to ensure a smooth transaction. There are various types of New Mexico Affidavit Regarding Loss of Certificate of Title to Vehicle, depending on the specific circumstances. These include: 1. Lost Title Affidavit: This affidavit is used when the original title has been misplaced or lost without any indication of theft. It requires the owner to provide details about the vehicle, including the make, model, year, vehicle identification number (VIN), and any other pertinent information. 2. Stolen Title Affidavit: In cases where the vehicle's title has been stolen, the owner must complete this affidavit to report the theft and initiate the process of obtaining a duplicate title. Along with vehicle information, the affidavit may require the owner to provide a police report or incident number related to the theft. 3. Damaged Title Affidavit: If the certificate of title has been damaged to the extent that it is no longer usable, the owner must complete this affidavit. It may require the owner to submit the damaged title as evidence and provide information regarding the cause of the damage. In all cases, the completed Affidavit Regarding Loss of Certificate of Title to Vehicle must be notarized by a notary public before submitting it to the New Mexico MVD. The owner must also pay the required fees associated with obtaining a duplicate title. It is important to note that this detailed description of the New Mexico Affidavit Regarding Loss of Certificate of Title to Vehicle is meant to provide general information. It is always advisable to consult the New Mexico MVD website or contact their office directly for the most accurate and up-to-date information regarding the specific requirements and procedures for completing this affidavit.
