New Mexico § 60-13-19 - Division; evidence of possession; penalty

§ 60-13-19. Division; evidence of possession; penalty

A. The licensee shall exhibit satisfactory evidence of the possession of a license

on demand and shall clearly indicate his contractor's license number on all written

bids and when applying for a building permit. B. A contractor who fails to indicate his contractor's license number clearly on all

written bids and when applying for a building permit shall be assessed a penalty fee

of one hundred fifty dollars ($150) by the division. The fee shall be payable to the code jurisdiction or political subdivision that

issued the permit or in which the work for which the bid is submitted is or would

be permitted. C. Before work is commenced, a contract is signed or funds are paid for any residential

contracting, the contractor shall disclose in writing to the owner, on a form approved

by the division, that the license issued and the bond or other proof of responsibility

required pursuant to the Construction Industries Licensing Act does not protect the

consumer if the contractor defaults. Any contractor who fails to make the disclosure required by this subsection shall

be assessed a fee by the division in an amount not less than five hundred dollars

($500) nor more than one thousand five hundred dollars ($1,500) as determined by the

division. The fee shall be payable to the division.