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New Mexico Debt Collection Laws
- May
- 25
New Mexico Debt Collection Laws
In addition to being regulated by the Fair Debt Collection Practices Act (FDCPA), New Mexico collection agencies are also regulated by New Mexico debt collection laws. Discover: New Mexico collection requirements, bad check laws (NSF), statutes of limitations for both debts and judgments, garnishments plus New Mexico collection agency license and bonding information.
Summary of the New Mexico fair debt collection practices laws:
NEW MEXICO INTEREST RATE
Judgment: 8.75% |in the absence of a written contract|
NEW MEXICO STATUTE OF LIMITATIONS |in years|
Open Accounts: 4
Written Contract: 6
Domestic Judgment: 14
Foreign Judgment: 14
NEW MEXICO BAD CHECK LAWS |NSF|
Amount due, triple damages [...]
