Statutes > New Mexico Statutes > Chapter 61 - Professional and Occupational Licenses. > Article 18A - Collection Agencies, 61-18A-1 through 61-18A-33. > Section 61-18A-28 - Remittance of collections to clients.

Section 61-18A-28 - Remittance of collections to clients.

61-18A-28. Remittance of collections to clients.

All collection agencies shall remit to their clients the proceeds of all collections, after deducting their commission, other lawful expenses and any amounts collected pursuant to Section 61-18A-28.1 NMSA 1978, within forty days of such collection unless otherwise provided by regulation.