NM MVD-10012 1990-2024 free printable template

MVD - 10012 REV. 06/90 State of New Mexico - Motor Vehicle Division AFFIDAVIT OF REPOSSESSION Year VEHICLE / VESSEL INFORMATION Model Type Make Engine No. If Applicable State Registered Vehicle/Hull ID Number Lic. Plate or Boat No. REGISTERED OWNER INFORMATION As Shown on Encumbered Title Name Address City State Zip Code LIENHOLDER INFORMATION As Shown on Encumbered Title Title Number I certify that all steps required by law in connection with such repossession including proper notice of sale...

How to fill out new mexico repo affidavit

How to fill out new mexico repo affidavit:

1. Gather all necessary information and documents related to the vehicle being repossessed, such as the registration, loan agreement, and any relevant correspondence with the borrower.
2. Begin by providing your personal information, including your name, address, and contact details, as the affiant.
3. Fill in the details of the borrower, including their name, address, and contact information.
4. Specify the details of the vehicle, such as the make, model, year, and vehicle identification number (VIN).
5. Clearly state the reason for repossession, including any missed payments or breach of contract by the borrower.
6. Include any additional information or circumstances that are relevant to the repossession process.
7. Date and sign the affidavit to verify the accuracy of the provided information.

Who needs new mexico repo affidavit:

1. Lenders or financial institutions who have provided a loan for the purchase of a vehicle and are seeking to repossess the vehicle due to non-payment or breach of contract.
2. Repossession agencies or individuals who are authorized by the lender to initiate and carry out the repossession process.
3. Legal professionals or authorities who require the affidavit as evidence or documentation of the repossession proceedings.

Video instructions and help with filling out and completing new mexico repo affidavit

Instructions and Help about new mexico repossession affidavit form

How to title and register a car in six easy steps Music hi I'm Adrienne with MVD now today I'going to be teaching you how to title and register a car in six simple steps number one title New Mexico is a title for title state that means you must give a title in order to receive a title if you don't have your title or the seller lost it we can help you get duplicate for more information check the link in the description your title must be filled out completely if not a billow sale filled out completely along with the title is acceptable number two dealers invoice you only need your dealers invoice if you bought your vehicle from a dealership number three insurance your vehicle must have current insurance you must provide the policy number effective date and expiration date number four emissions if you Sivan Bernalillo County your vehicle must pass an emissions test unless it solder than 35 years or unless you just purchased it is certain to bring in a copy of the emissions list, so we can make sure it is updated in our system also if you commute Bernalillo County more than sixty days a year you will also be required to provide an emission test for your people we offer emissions testing at 11different locations around Albuquerque please see the description for moreinformationnumber 5 proof of residency the easiest person New Mexico evidence would be touring in your New Mexico ID or driver#39;license however if you don't have either one we can accept two proofs of residency as an alternative such as utility bills bank statements or lease agreements for a full list check out the description number six come into DVD now come into DVD now Andrew#39’ll provide you with the Hittite application on registration and send you on your way MPD now will even put your license plate out for you

People Also Ask about new mexico repo affidavit

How long does it take for a repo to fall off?

A repossession stays on your credit report for seven years, starting from the first missed debt payment that led to the repossession. In the credit world, a repo is considered a derogatory mark. After a repo, it's not unusual to see a person's credit score take a substantial drop.

Do repos happen overnight?

Most repos are overnight, though they can be longer.

How long does it take for a repo to start?

Generally, cars are repossessed once payments are 90 days in default, though technically they can do it with one missed payment. Lenders do not need a court order to start the repossession process – they can shift into gear as soon as you miss a payment.

Can they repo my car in Mexico?

“Sure, if you're in Mexico, the lender certainly can't repossess your car. But the collateral damage you'll face if you ever return to the US could be catastrophic, and there are issues that may arise in the near future as well. If you don't pay your car loan, this will damage your credit extensively.

What time do most repos happen?

Repossessions can occur at any time of day or night — while at the supermarket, taking the kids to school, at a relative's home for holiday dinner, or while asleep. Even if a borrower anticipates a repossession may occur, it never happens at a good time. Prepare yourself.

Can a repossession be reversed in Texas?

If you file under Chapter 13, you can get your car back after repossession. However, you must act quickly because of the 10-day window to save a car.

For pdfFiller’s FAQs

What is new mexico repo affidavit?

The New Mexico repo affidavit is a legal document used in the state of New Mexico in cases related to repossession of a vehicle. When a vehicle is repossessed due to default on loan payments or other reasons, the lender or creditor is required to provide notice to the borrower about the repossession. The repo affidavit is a document that the lender or creditor must complete and submit to the Motor Vehicle Division (MVD) of the New Mexico Taxation and Revenue Department within ten days of repossession. The repo affidavit includes information such as the borrower's name and contact details, the vehicle's make, model, and identification number, the reason for repossession, and the date and location of repossession. This document serves as proof that the lender or creditor has legally repossessed the vehicle and provides essential information to the MVD to update the vehicle's ownership record. It is important for lenders and creditors to timely file the repo affidavit, as failure to do so can result in penalties. The repo affidavit is part of the repossession process in New Mexico and helps maintain transparency and accountability in the repossession of vehicles.

Who is required to file new mexico repo affidavit?

In the state of New Mexico, the person required to file a repossession affidavit is the lender or the creditor. The repossession affidavit must be filed with the Motor Vehicle Division or the MVD.

How to fill out new mexico repo affidavit?

To fill out a New Mexico repo affidavit, follow these steps: 1. Obtain the correct form: You can find a repo affidavit form specific to New Mexico on the website of the New Mexico Motor Vehicle Division (MVD) or contact your local MVD office to request a copy. 2. Read the instructions: Before you begin filling out the form, carefully read the instructions provided with the affidavit. Make sure you understand the requirements and are aware of any supporting documents you may need. 3. Gather necessary information: Collect all the relevant information about the vehicle you are repossessing, including the make, model, year, VIN (vehicle identification number), and the borrower's contact details. 4. Identify yourself: In the appropriate section, provide your full legal name, address, and contact information as the repossession agent or lienholder. 5. Fill out vehicle details: Input the vehicle's information, such as its make, model, year, color, and VIN, in the designated fields. 6. Provide loan and repossession details: Specify the details regarding the loan and repossession process, including the date and time of repossession, the reason for repossession, and the amount owed by the borrower. 7. Sign and notarize: Sign the completed affidavit and have it notarized. A notary public must witness and verify your signature. 8. File the affidavit: Make copies of the completed and notarized affidavit for your records. Submit the original affidavit to the New Mexico MVD, along with any additional documents required, such as the repossession notices or a copy of the repossession order issued by a court. It is crucial to note that the process and requirements for filing a repo affidavit in New Mexico may vary. Therefore, carefully review the specific instructions provided with the form to ensure compliance with all legal requirements. Consider consulting with legal professionals familiar with New Mexico repossession laws to ensure accurate completion of the affidavit.

What is the purpose of new mexico repo affidavit?

The purpose of a New Mexico repo affidavit is to document and provide evidence of the repossession of a vehicle in the state of New Mexico. This document is typically filled out by the repossessing party or the lender and serves as a legal statement affirming that repossession has taken place in compliance with the state's laws and regulations. The affidavit includes important details such as the vehicle's identification information, the reason for repossession, date and time of repossession, and the contact information of the parties involved. It may be used as evidence in legal proceedings related to the repossession or for record-keeping purposes.

What information must be reported on new mexico repo affidavit?

In New Mexico, the following information must be reported on a repo affidavit: 1. Debtor's information: Full name, address, phone number, and any other relevant contact information of the person who owes the debt and is subject to repossession. 2. Creditor's information: Full name, address, phone number, and any other relevant contact information of the entity or person who is owed the debt and seeking repossession. 3. Vehicle details: The year, make, model, and vehicle identification number (VIN) of the vehicle being repossessed. 4. Description of the repossession: A detailed account of the repossession process, including the date, time, and location of the repossession, as well as any additional circumstances or steps taken during the repossession. 5. Reason for repossession: A clear explanation of the reason for the repossession, such as non-payment of the debt, default on loan terms, or any other breach of contract. 6. Legal actions taken: Any legal actions that were taken prior to the repossession, such as warnings, notifications, or lawsuits filed against the debtor. 7. Notice provided: Documentation proving that proper notification was provided to the debtor prior to the repossession, including the type of notice (written, verbal, etc.), date of notice, and method of delivery. 8. Condition of the vehicle: The current condition of the repossessed vehicle, including any damages, missing parts, or changes made to the vehicle during the repossession process. 9. Personal property: Any personal property found in the repossessed vehicle and whether it was returned to the debtor or disposed of according to relevant laws. 10. Signatures: The repo affidavit must be signed and dated by the individual or representative of the creditor providing the information. It's important to note that this is a general overview, and specific requirements or additional information may vary based on local laws, regulations, and the specific circumstances of the repossession. It's recommended to consult with an attorney or legal professional for accurate and detailed guidance.

What is the penalty for the late filing of new mexico repo affidavit?

Under New Mexico law, the penalty for the late filing of a repo affidavit can vary depending on the specific circumstances and the discretion of the court. Generally, a repossession agency or creditor is required to file the repo affidavit within ten days after the repossession occurs. If the affidavit is filed after this deadline, it may result in delays or complications with the repossession process. Additionally, late filing may also result in legal consequences such as the potential for fines, sanctions, or other penalties imposed by the court. It is important to consult with a qualified attorney or legal professional in New Mexico for accurate and up-to-date information regarding the penalties for late filing of a repo affidavit, as they can provide specific advice based on your situation.

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