Motor Vehicle Sales Finance Companies: Overview
Motor Vehicle Sales Finance Companies are businesses licensed to engage in whole or in part in the business of purchasing motor vehicle retail installment contracts from one or more retail sellers.
If you are a motor vehicle sales finance company; this page will lead you to motor vehicle sales finance industry information primarily focused on the statutory requirements for the State of New Mexico. In addition you will find licensing information as well as the application forms need to apply for a license.
If you are consumer, realize that one purpose of the division is consumer protection. Consumers can find useful information and frequently asked questions about motor vehicle sales finance companies.
Licensing Renewal Information
The Financial Institutions Division has recently implemented an online renewal application process for the Motor Vehicle Sales Finance license. The renewal should be available for use by October 10, 2014. If you do not have the capabilities to renew online, a hard copy application will be available to download under the forms and application link to the left. In order to renew online, a licensee will need a valid email address. The only acceptable form of payment for online renewals will be a credit card or a debit card.