Nothing in the Collection Agency Regulatory Act shall be construed to prevent collection agencies from taking assignments of claims in their own name as real parties in interest for the purpose of billing and collection and bringing suit in their own names; provided that no suit allowed by this section may be instituted on behalf of a collection agency in a court unless the collection agency appears by a duly authorized and licensed attorney-at-law.
§ 61-18A-26 NMSA 1978
Assignments; right to sue
Known as the Collection Agency Regulatory Act
The act spans §§ 61–61 (34 sections).
Laws 1987, ch. 252, § 26; 2021, ch. 31, § 13.
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.