State Codes and Statutes
Statutes > New-mexico > Chapter-7 > Article-14 > Section-7-14-87-14-8. Imposition of penalty for failure to make timely application.
A penalty of fifty percent of the tax is imposed on any person who is:
A. domiciled in this state and accepts transfer in this state, but fails to apply for a certificate of title within ninety days of the date on which ownership of the vehicle was transferred to the person; or
B. domiciled in this state but accepts transfer outside this state and fails to apply for a certificate of title within ninety days of the date on which the vehicle is brought into this state.
