New Mexico § 56-3-6 - Report information; limitations
Full text of New Mexico New Mexico Statutes Annotated § 56-3-6 — Report information; limitations, with citation guidance and answers to common questions.
§ 56-3-6. Report information; limitations
A. A credit bureau may report the following matters for no longer than the specified
periods: (1) bankruptcies of all types for not longer than fourteen years from the date of
adjudication of the most recent bankruptcy; (2) accounts placed for collection and accounts charged to profit and loss for not
longer than seven years, or until the governing statute of limitations has expired,
whichever is the longer period; (3) suits and judgments for not longer than seven years from date of entry, or until
the governing statute of limitations has expired, whichever is the longer period; (4) paid tax liens for not longer than seven years and unpaid tax liens for any length
of time; (5) arrests and indictments pending trial, or convictions of crimes, for not longer
than seven years from date of release or parole. Such items shall no longer be reported if at any time it is learned that after a
conviction a full pardon has been granted, or after an arrest or indictment a conviction
did not result; and (6) any other data not otherwise specified in this section, for not longer than seven
years. B. A credit bureau shall delete as soon as practical any item of derogatory information
whenever it is ascertained that the source of information can no longer verify the
item in question from its records of original entry.
Frequently Asked Questions About New Mexico § 56-3-6
What does New Mexico Statutes Annotated § 56-3-6 cover?
Section 56-3-6 ("Report information; limitations") is part of the New Mexico Statutes Annotated, the codified statutory law of New Mexico. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite New Mexico § 56-3-6?
A common citation format is "New Mexico Statutes Annotated § 56-3-6" (New Mexico). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of New Mexico law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the New Mexico official source linked on this page or consult a licensed New Mexico attorney.
How does New Mexico § 56-3-6 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in New Mexico can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in New Mexico.