Auto Recycler Electronic Reporting to TRD
An act relating to motor vehicles; requiring auto recyclers to electronically report all vehicle purchases to the taxation and revenue department; requiring the taxation and revenue department to maintain and make available certain information.
- An effort to combat auto-theft. HB 52 adds a new Section to the Motor Vehicle Code requiring auto recyclers to notify the Department of all motor vehicle purchases within forty-eight hours of the close of business on the day the purchase is made. Prior to purchase of the vehicle, the auto recycler is to verify with the Department if the motor vehicle has been reported stolen by checking the electronic system established and maintained by the Department. (source: NMLegis.gov)
- Currently, approximately 44 percent of auto recyclers use the optional National Crime Information Center (NCIC) check available through VRS; by making it mandatory, the number of users will increase as will the number of NCIC checks.
- Viante New Mexico supports this bill because as New Mexico stands number one in the nation for property crime, we need to set up systems to make it more difficult to sell stolen vehicles.