A provider shall not issue, sell or offer for sale service contracts in this state unless the provider has been registered with the superintendent pursuant to the provisions of the Service Contract Regulation Act. However, an administrator or seller of a service contract is not required to be registered. The provisions of this section shall not apply to major manufacturing companies' service contracts.
§ 59A-58-4 NMSA 1978
Prohibition of sale of service contract unless registered
Known as the Service Contract Regulation Act
The act spans §§ 59–59 (19 sections).
Laws 2001, ch. 206, § 4; 2017, ch. 125, § 3.
Official source: NMOneSource (New Mexico Compilation Commission). Reproduced from public-domain New Mexico statutes; confirm against the official source for the current text. Not legal advice.