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2021 New Mexico Statutes
Chapter 57 - Trade Practices and Regulations
Article 16 - Motor Vehicle Dealers Franchising
Section 57-16-7.1 - Sales and service incentives; audit.
Universal Citation: NM Stat § 57-16-7.1 (2021)
A manufacturer or distributor may audit a claim for sales and service incentives only during the six-month period immediately following payment or credit issued for the claim; however, this limitation shall not apply if there is a reasonable suspicion of fraud.
History: Laws 1997, ch. 14, § 2; 2011, ch. 111, § 2; 2011, ch. 118, § 2.
ANNOTATIONSThe 2011 amendment, effective July 1, 2011, changed the period for auditing claims for sales and service incentives from twenty-four months to six months.
Laws 2011, ch. 111, § 2 and Laws 2011, ch. 118, § 2 enacted identical amendments to this section. The section was set out as amended by Laws 2011, ch. 118, § 2. See 12-1-8 NMSA 1978.
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