I. The department shall suspend or revoke a certificate of title, upon notice and reasonable opportunity to be heard in accordance with RSA 260:6, if it finds that:
- (a) The certificate of title was fraudulently procured or erroneously issued, or
- (b) The vehicle has been scrapped, dismantled, or destroyed.
- II. Suspension or revocation of a certificate of title does not, in itself, affect the validity of a security interest noted on it.
- III. When the department suspends or revokes a certificate of title, the owner or person in possession of it shall, immediately upon receiving notice of the suspension or revocation, mail or deliver the certificate to the department.
- IV. The department may seize and impound any certificate of title which has been suspended or revoked.
Source. RSA 269-A:27. 1967, 357:1. 1981, 146:1, eff. Jan. 1, 1982.