How long does a car dealer have to pay off the loan for a traded in vehicle?

Question Details:

I traded in a vehicle to a NM auto dealer. They agreed to pay off the entire amount owed on the vehicle. It is now 30 days later and the dealer sold my trade-in to another customer but hasstill not paid off my lien. Is there a time limit the dealer has to pay for the vehicle? Is it legal for the dealer to sell my trade-in before they actually own it? Important Notice