New Mexico § 66-4-2 - Department to issue license

§ 66-4-2. Department to issue license

A. Except for recreational vehicles, the department, upon receiving an initial nonfranchise

dealership application accompanied by the required fee and when satisfied that the

applicant has completed eight hours of education as approved by the department and

complies with the laws of this state with reference to the registration of vehicles

and certificates of title and the provisions of the Motor Vehicle Code, shall issue

to the applicant a license that entitles the licensee to conduct the business of a

dealer, auto recycler or title service company. The license may be renewed upon application, payment of the fee required by law

and completion every year of four hours of continuing education as approved by the

department. A licensee shall not lease, loan, transfer or sell its license to another person,

and no person shall use the license of another person for any purpose. B. A dealer or auto recycler licensee, before moving any of the licensee's places

of business or opening any additional place of business, shall apply to the department

for and obtain a supplemental license for which no fee shall be charged. No supplemental license shall be issued to a dealer, other than a dealer in motorcycles

only, for an additional place of business unless the business already has an established

place of business. C. A person to whom the department has issued a license to conduct the business of

a dealer in motorcycles only is also deemed a recycler of motorcycles without additional

license.