What does “CERTIFICATE OF TITLE (CLEAN) may become salvage upon ownership transfer as per NMVTIS regulations” mean?
This notation means that while the vehicle currently has a clean title, it may be reclassified as salvage when it is transferred to a new owner, according to NMVTIS regulations. For instance, when you transfer the title at your local DMV, they could label the vehicle as salvage based on its history. Although such cases are rare, it is important to be aware of this possibility and plan accordingly.
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Updated: December 31, 2024, 3:02 PM
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