New Mexico § 60-14-6 - Bonding requirements; dealers, brokers, salespersons, manufacturers, repairmen and installers
Full text of New Mexico New Mexico Statutes Annotated § 60-14-6 — Bonding requirements; dealers, brokers, salespersons, manufacturers, repairmen and installers, with citation guidance and answers to common questions.
§ 60-14-6. Bonding requirements; dealers, brokers, salespersons, manufacturers, repairmen and installers
A. The division, with the approval of the committee, may by regulation require each
dealer, broker, salesperson, manufacturer, repairman and installer to furnish and
maintain with the division a consumer protection bond underwritten by a corporate
surety authorized to transact business in New Mexico, in a sum to be determined by
regulation and in such form, and with either unit or blanket coverage, as required
by regulation, to be conditioned upon the dealer, broker, salesperson, manufacturer,
repairman or installer complying with the provisions of the Manufactured Housing Act
and any other law applying to the licensee, and also as indemnity for any loss sustained
by any person damaged: (1) as a result of a violation by the licensee of any provision of the Manufactured
Housing Act or of any regulation of the division adopted pursuant to that act; (2) as a result of a violation of any regulation adopted by the division; (3) by fraud of a licensee in the execution or performance of a contract; or (4) by misrepresentation or the making of false promises through the advertising or
the agents of a licensee. B. The consumer protection bond may include provisions for the indemnification for
any loss sustained by any consumer as the result of the refusal, failure or inability
to transfer good and sufficient legal title to the consumer by the transferor or any
other party claiming title. C. The committee may attach and disburse for cause any consumer protection bond furnished
to the division pursuant to this section. The division, subject to the approval of the committee, shall adopt the necessary
rules and regulations to administer the provisions of this section.
Source: official New Mexico text · Last verified 2026-08-27
Frequently Asked Questions About New Mexico § 60-14-6
What does New Mexico Statutes Annotated § 60-14-6 cover?
Section 60-14-6 ("Bonding requirements; dealers, brokers, salespersons, manufacturers, repairmen and installers") 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 § 60-14-6?
A common citation format is "New Mexico Statutes Annotated § 60-14-6" (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 § 60-14-6 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.