New Mexico Statute of Limitations

New Mexico Collection Agency Laws

Every New Mexico Collection Agency may collect files in Alamogordo, Albuquerque, Carlsbad, Clovis, Farmington, Hobbs, Las Cruces, Rio Rancho, Roswell, and Santa Fe.

Recover your delinquent accounts through an New Mexico Collection Agency Service. New Mexico collection agency services can locate debtors and collect the money owed to your business, practice or facility. Using a New Mexico collection agency service can save you time and money.

With our custom-designed debt collection system, our collection agency can be more effective in recovering delinquent accounts, after more than 31 days have passed. We offer two ways to collect, which are our contingency method or our low flat fee instead of a percentage.

Following is some important information on New Mexico state debt recovery laws including: New Mexico Statutes, New Mexico Judgments, New Mexico Garnishments, New Mexico Interest Rates, and New Mexico Bad Check Laws.


STATE: NEW MEXICO

Interest Rate

  • Judgment: 8.75% (in the absence of a written contract)

STATUTE OF LIMITATIONS (IN YEARS)

  • Open Account: 4
  • Written Contract: 6
  • Auto Deficiency: 4
  • Domestic Judgment: 14
  • Foreign Judgment: 14

BAD CHECK LAWS (CIVIL PENALTY)
Amount due, triple damages up to $500 per check. Complex requirements need to be met.

GENERAL GARNISHMENT EXEMPTIONS
Greater of 75% or amount each week = to 40 x fed. min. hourly wage.


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