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New Mexico Repossession Laws

It is essential for clients in the New Mexico area to look at the compiled free resource below for property recovery. It includes all relevant rules, laws and regulations relating to the state’s property recovery system that you should consider.

More so, for a repossession in New Mexico, it is crucial to note that the security interests are shown on title held by the lien-holder. And, the plates have to remain with the debtor. Not to forget that a repossession in the state is only allowed without a disturbance of the peace. Also, in regards to license registration info, you can call the New Mexico Motor Vehicle Division at (505) 827-2220. Finally, note that the title release of lien, affidavit of repossession, and bill of sale are needed for liquidation.

At our property recovery company, we thrive on providing New Mexico with repossessions ranging from medical equipment to real estate with many other things also in the mix. Also, we gladly process equipment from the initial repo to eventual remarketing. Furthermore, we gladly take care of storage, inspection and appraisal of resale price for your recovered items.

For more information, please contact us today for a consultation and quote at (630) 358-9434.

As reported by the American Recovery Association, Inc. (ARA).

TITLE STATE: Yes
SECURITY INTERESTS: Shown on title held by lienholder.
LICENSE REGISTRATION: New Mexico Motor Vehicle Division, P.O. Box 1028, Santa Fe, New Mexico 87504. Tel: (505) 827-2220.
RECOVERY REQUIREMENT: As per UCC, New Mexico repossession allowed without committing a breach of the peace.
DOCUMENTS REQUIRED FOR LIQUIDATION: Title Release of Lien, Affidavit of Repossession, Bill of Sale.
PLATES: Remain with the debtor. 

 

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