State Mandated Continuing Education

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Dealers can use this tool to estimate the cost of TT&L on a vehicle they have sold.

Click the link below and look Estimate Title Transfer Fee under Dealer Services.

Click Link Here

We understand that there are times when our members need a quick answer for those requests or questions that come their way. For that reason we have created this section the will speak to that need.
We will continually update this page to keep in step with the demands and needs of our members. This page will supply you with links to PDF downloads or websites to find the answers you are looking for.

Temp and Demo Tag Statutes

6% Rule  Damage Disclosure

Dealer Closing Checklist

Mutual Release & Final Settlement Agreement

NM Chapter 66

OFAC

Report of Cash Payments Over $10,000 ( IRS Form 8300)

Dealer's Guide to the Used Car Rule

New Mexico Motor Vehicle Sales Finance Act

Dealer Transfer Service Charge

NHTSA Odometer Fraud

How To Contact Tribal Courts

Best Practices From Purchase to Sale (NMIADA Marc Powell)

Dealer Licensing Bureau Presentation (DLB Jason Wagner)

1. Each time a vehicle is sold an inspection should be conducted as per regulations (12.2.14.1 et seq.) and is consistent with the  requirements of NMSA 57-12-6(1978).  Inspections should be conducted by an  independent third-party. However, if the dealer has adequate resources to have a thorough independent inspection of the automobile done within the dealership, then that inspection can be conducted by the dealer.

2. The inspection should be conducted pursuant to the form which is attached to the regulations adopted by the State of New Mexico with regard to sale of automobiles in the State of New Mexico.

3. The inspection should be timely conducted and disclosure should be made to the purchaser  of any damages which have been noted in the inspection so that the consumer is fully aware of whether or not the car has previous damage before the sale is completed.

4. Neither the inspection regulation itself nor the State Statute require that there be a cost estimate provided concerning the amount of damage, if any, found during the inspection.

5. It should be noted, however, that if such financial information is available to the dealer, disclosure to the consumer is strongly recommended.

You can now renew your Dealer's License Online! This dramatically streamlines what you have to submit and the time you spend on your renewal.

You will need to first go to My MVD Online

You'll be prompted to register and create a login if you haven't already done so. Make sure your have your tax ID# handy.

Once you have created your account you can now work on getting the documents you will need to finish your online renewal.

It is recommended you have the following ready before you begin the online renewal process:

1. Number of Vehicles Sold in the last year
2. Education certificate- Used dealer (required every year).
3. Franchise agreements- If you have new or changed franchises.
4. Current Business License
5. Bond- New, Rider or receipt of payment
6. $50- processed by credit card or echeck

It is strongly recommended that you have your documents scanned and in a PDF file format for easy uploading.

You can now log in and click on your Dealer account and start your online license renewal process.

A full downloadable how to guide is available HERE

It is a best practice to be your own VIN Inspector.

There are several advantages to having the credentials to inspect your own vehicles for your own lot. Once you have done all the leg work and have passed the online class, know the laws and responsibilities, the effort put into becoming a VIN Inspector will be self evident. It is one of the easiest certifications you can do for yourself.

1) Time Savings:
You will save time by being able to do your VINs there on the spot, on your lot. No more waiting on someone to come to your lot or drive cars in your inventory to another location. Lose the wait, save time.

2) Money Savings:
You'll never have to pay a fee again for getting your VIN inspections done for your inventory. You'll save on to and from transportation costs as well as other expenses associated with VIN Inspections

3) Logistical Savings:
You will process your sales faster and improve your bottom line and increase your customer service.

You can learn how to become a VIN inspector by calling NM Dealer Services at 505-383-2316 or by writing to:

Dealer Services
505 Marquette NW
Albuquerque, NM 87102

Or by going online to My MVD Online. Choose Dealer Services and then Schedule Vin Inspectors Class.

VIN Bond Information can be obtained at NMIADA Bond & Insurance Services

A streamlined and smart sales/ compliance process will reward the auto dealer in today's environment. It is a best practice to be a Notary Public or have someone in your sales office become one.

It's easy!

Owners can look at this in two ways:

1) It is a great customer service/ sales tool. No more delays in paperwork and no more sending customer to another location (bank or other office) to get paperwork stamped and give the customer time to think about the sale and running the risk of a change of heart.

2) Your paperwork will be in compliance. Since allot of our forms are requiring Notary Stamps for YOUR protection it only makes good business sense to have one "In House".

Below is the link to the state site to start the process:

NM State Notary Division

Notary Bond information can be found by visiting the NMIADA Insurance Broker by Clicking Here

Find Your New Mexico Legislaton

Legislative Bill Finder

New Mexico State Statute

New Mexico Legislature

MVD New Mexico

State of New Mexico Tax and Revenue

Office of New Mexico Attorney General

New Mexico Secretary of State

What Is VRS:

VRS is an online registration system that all New Mexico Dealers must use to generate Temp tags, Demo Tags, and Transit Tags for their vehicles. The VRS system can also do Lien Checks and NCIC checks that can help the auto dealer avoid costly delays.

Your VRS password will expire every 90 days. You will get an email reminder 15 days (and every day after that counting down from 15 to 1) prior to it expiring to change your password. If you have not changed your password with in that time frame then you will have to call the VRS help desk to do a hard password reset. It is a best practice to change your password beforehand to avoid delays in accessing your account to make tags.

The VRS helpdesk number is 505-232-0809

How Do I Get A VRS Account?

To start your Vehicle Registration account you must complete the following 2 steps:

Step 1. Create a Username and Password.
This is NOT creating a VRS account. This is to create a log in for that account. To create a VRS account you MUST complete step 2.

Step 2. Create a VRS account.
This is a 7 page application that you must print out, complete and send to Santa Fe. It is best practice to Fax and mail a copy to Santa Fe. It is also a best practice to keep a copy for your records.

Please remember to use a E-mail address that you check and use often as important information concerning your Account and Login will be communicated to you via that E-mail address.
The link below will take you to the VRS Help page. 90% of all question can be answered here. A good tip is to read it slow. It is in a "step by step" format so if you go fast you may skip over an important step.

         Step 3. Complete Agreement Addendum

VRS FAQS