- A. No license shall be issued to a dealer or auto recycler unless an established place of business as defined in the Motor Vehicle Code [66-1-1 NMSA 1978] is maintained by the dealer or auto recycler. Each license to carry on or conduct the business of a dealer or auto recycler becomes invalid when the licensee fails to maintain an established place of business as defined in the Motor Vehicle Code.
- B. No license shall be issued to a title service company unless that company maintains a physical place of business accessible to the public and provides the department with the physical address of that place of business. A place of business shall be open to inspection by a peace officer or the department during reasonable business hours. The license of the title service company may be suspended or canceled if the title service company fails to maintain a place of business accessible to the public or does not allow inspection during reasonable business hours by a peace officer or the department.
History: 1953 Comp., § 64-4-6, enacted by Laws 1978, ch. 35, § 219; 1999, ch. 122, § 6; 2005, ch. 324, § 16.
ANNOTATIONS
Cross references. — For the definition of "additional place of business", see 66-1-4.1 NMSA 1978.
For the definition of "established place of business", see 66-1-4.5 NMSA 1978.
For penalty for violation of section, see 66-4-9 NMSA 1978.
The 2005 amendment, effective January 1, 2006, changed "wrecker of vehicles" to "auto recycler".
The 1999 amendment, effective July 1, 1999, in the section heading, deleted "Established"; in Subsection A, made several stylistic changes; and added Subsection B.