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New Mexico Notice of Lien for Motor Vehicle or Car Repairs and of Sale at Public Auction to Satisfy Lien

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Multi-State
Control #:
US-01234BG
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Word; 
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Description

In most states, a garage owner has a either a common-law lien or statutory lien on an automobile for labor and materials expended and supplied in repairing the vehicle. A lien can also arise pursuant to written agreement of the parties. This form is a generic example that may be referred to when preparing such a form for your particular state. It is for illustrative purposes only. Local laws should be consulted to determine any specific requirements for such a form in a particular jurisdiction.

A New Mexico Notice of Lien for Motor Vehicle or Car Repairs and of Sale at Public Auction to Satisfy Lien serves as an official document that outlines the details regarding a lien placed on a motor vehicle or car for repairs and the subsequent sale of the vehicle at a public auction to satisfy the outstanding lien. In New Mexico, several types of liens for motor vehicle or car repairs and subsequent sale at public auction can be issued, including: 1. Mechanic's Lien: This type of lien is placed on a motor vehicle or car by a mechanic or auto repair shop when the owner fails to pay for repairs or services rendered. The mechanic's lien grants the repair shop the right to retain possession of the vehicle until payment is received or to sell the vehicle at a public auction to satisfy the outstanding debt. 2. Body Shop Lien: Body shops may also place liens on motor vehicles or cars when the owner fails to pay for repairs or services related to the vehicle's bodywork, painting, or restoration. The body shop lien allows the shop to hold the vehicle until the outstanding balance is cleared or to proceed with a public auction to recoup the debt. 3. Towing Company Lien: Towing companies can place liens on motor vehicles or cars for unpaid stowage or storage fees. If the owner fails to pay these fees within a specified timeframe, the towing company can initiate the sale of the vehicle at a public auction. The New Mexico Notice of Lien for Motor Vehicle or Car Repairs and of Sale at Public Auction to Satisfy Lien is a crucial legal document that provides detailed information about the lien, such as the vehicle's make, model, year, VIN (Vehicle Identification Number), description of repairs/services provided, the amount owed, and the date when the lien was imposed. Additionally, the notice will specify the time and location of the public auction where the vehicle will be sold, ensuring transparency and giving interested parties an opportunity to bid on the vehicle to satisfy the outstanding lien. It is important to note that the issuance and execution of these liens must adhere to New Mexico state laws governing liens and auctions. Understanding these regulations and consulting with a legal professional are vital to ensure compliance and protect the rights of both parties involved in the lien process.

A New Mexico Notice of Lien for Motor Vehicle or Car Repairs and of Sale at Public Auction to Satisfy Lien serves as an official document that outlines the details regarding a lien placed on a motor vehicle or car for repairs and the subsequent sale of the vehicle at a public auction to satisfy the outstanding lien. In New Mexico, several types of liens for motor vehicle or car repairs and subsequent sale at public auction can be issued, including: 1. Mechanic's Lien: This type of lien is placed on a motor vehicle or car by a mechanic or auto repair shop when the owner fails to pay for repairs or services rendered. The mechanic's lien grants the repair shop the right to retain possession of the vehicle until payment is received or to sell the vehicle at a public auction to satisfy the outstanding debt. 2. Body Shop Lien: Body shops may also place liens on motor vehicles or cars when the owner fails to pay for repairs or services related to the vehicle's bodywork, painting, or restoration. The body shop lien allows the shop to hold the vehicle until the outstanding balance is cleared or to proceed with a public auction to recoup the debt. 3. Towing Company Lien: Towing companies can place liens on motor vehicles or cars for unpaid stowage or storage fees. If the owner fails to pay these fees within a specified timeframe, the towing company can initiate the sale of the vehicle at a public auction. The New Mexico Notice of Lien for Motor Vehicle or Car Repairs and of Sale at Public Auction to Satisfy Lien is a crucial legal document that provides detailed information about the lien, such as the vehicle's make, model, year, VIN (Vehicle Identification Number), description of repairs/services provided, the amount owed, and the date when the lien was imposed. Additionally, the notice will specify the time and location of the public auction where the vehicle will be sold, ensuring transparency and giving interested parties an opportunity to bid on the vehicle to satisfy the outstanding lien. It is important to note that the issuance and execution of these liens must adhere to New Mexico state laws governing liens and auctions. Understanding these regulations and consulting with a legal professional are vital to ensure compliance and protect the rights of both parties involved in the lien process.

How to fill out New Mexico Notice Of Lien For Motor Vehicle Or Car Repairs And Of Sale At Public Auction To Satisfy Lien?

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New Mexico Notice of Lien for Motor Vehicle or Car Repairs and of Sale at Public Auction to Satisfy Lien