A. The department shall indicate in boldface print on every new application form for registration and every registration form that the owner of the motor vehicle affirms that he is financially responsible within the meaning of the Mandatory Financial Responsibility Act. The payment of the registration fee and acceptance by the department of the application for registration shall be affirmation by the owner of the registered vehicle that he has complied with the requirements of that act.
B. The department shall not renew the registration of a motor vehicle unless the owner of the motor vehicle affirms the existence of a motor vehicle insurance policy covering the motor vehicle or the existence of some other means of satisfying the financial responsibility requirements of the Mandatory Financial Responsibility Act for the motor vehicle.
History: 1978 Comp., § 66-5-234, enacted by Laws 1983, ch. 318, § 33; 1998, ch. 34, § 16.
Recompilations. — Laws 1983, ch. 318, § 24, recompiled former 66-5-234 NMSA 1978, relating to bond as proof, as 66-5-225 NMSA 1978, effective January 1, 1984.
The 1998 amendment, effective July 1, 1998, substituted "department" for "division" throughout the section and in Subsection B, substituted "insurance" for "liability policy or certified motor vehicle liability" preceding "policy".
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