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2021 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 (2021)
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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.
ANNOTATIONSThe 2007 amendment, effective June 15, 2007, changed the title of the act.
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