New Mexico Release of Lien for Car
Description
How to fill out Release Of Lien For Car?
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FAQ
New Mexico is a 'Vehicle Plate to Owner' state.
A lienholder will only remove a lien after the loan debt has been paid off. After the loan has been paid off, the lienholder will send you one of the following: A completed ?Release of Lien? form, on Motor Vehicle Division (?MVD?) of New Mexico letterhead. A completed ?Release of Lien? section on the vehicle title.
To complete the vehicle registration process, buyers must provide a: Vehicle title. Bill of sale (if Assignment of Title or Dealer Assignment is not on the back of the title) Application for New Mexico Title (MVD 10002)
After the vehicle is sold, you need to file a Notice of Vehicle Sold which is form MVD-10048. For more information, visit the New Mexico MVD website. New Mexico provides this list of vehicle forms if you are looking for something which isn't listed above.
The New Mexico Mechanics Lien Release Form is used to cancel a lien that has already been filed. It's most often used to release a lien claim after a lien claimant receives payment. However, they may also be released based on settlements, legal controversies, because they expired, or more.
TO COMPLETE THE NOTICE OF VEHICLE SOLD BY MAIL: Please complete and print the Notice of Vehicle Sold Form. Mail the completed form to: Motor Vehicle Division. Attn: Sold Unit. P.O. Box 1028. Santa Fe, NM 87504-1028.
If you're leaving The Land of Enchantment permanently, you may cancel your registration at any Motor Vehicle Division (MVD) office, or by mail: Motor Vehicle Division. Joseph Montoya Building. P.O. Box 1028.
Selling a Car: Remove the old license plate ? New Mexico is a ?Vehicle Plate to Owner? state. ... File a Notice of Vehicle Sold form with MVD. Keep the VIN number of the vehicle you sell. Fill out Bill of Sale form and file with MVD. Sign over Certificate of Title and Odometer Disclosure statement ? keep copies of both.
