Section 66-12-6.7 - Dealer license denial, suspension and revocation. - New Mexico Statutes

66-12-6.7. Dealer license denial, suspension and revocation.

The motor vehicle division of the taxation and revenue department may deny, suspend or revoke a dealer license for:   

A.     a material misrepresentation communicated by a dealer to the motor vehicle division;   

B.     a lack of fitness as proscribed by rule of the motor vehicle division; or   

C.     a willful violation of a federal or state law relating to the sale, distribution, financing, registration, taxing or insuring of motorboats.