Applicability of act.

  1. Law
  2. New Mexico Statutes
  3. Trade Practices and Regulations
  4. Retainage
  5. Applicability of act.

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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.

ANNOTATIONS

The 2007 amendment, effective June 15, 2007, changed the title of the act.


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