2017 New Mexico Statutes
Chapter 57 - Trade Practices and Regulations
Article 28 - Retainage
Section 57-28-3 - Applicability of act.

Universal Citation: NM Stat § 57-28-3 (2017)

57-28-3. Applicability of act.

The provisions of the Prompt Payment Act do not apply to construction contracts for residential property containing four or fewer dwelling units.

History: Laws 2001, ch. 68, 3; 2007, ch. 213, 3.

Disclaimer: These codes may not be the most recent version. New Mexico may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.