Bill > HB117

This bill amends New Mexico law to allow insurance companies or their agents to accept an electronic signature or a signature on a power of attorney when processing an application for or transfer of a vehicle's certificate of title in the event of a total loss settlement. It also clarifies the procedures for obtaining a nonrepairable vehicle certificate when an insurance company takes possession of a total loss vehicle. The bill aims to streamline the paperwork and administrative processes related to vehicle title transfers in these situations.

Business and Industry

https://www.nmlegis.gov/Legislation/Legislation?chamber=H&legtype=B&legno=117&year=23