New Mexico § 66-5-210 - Settlement agreements for payment of damages
Full text of New Mexico New Mexico Statutes Annotated § 66-5-210 — Settlement agreements for payment of damages, with citation guidance and answers to common questions.
§ 66-5-210. Settlement agreements for payment of damages
A. Any two or more of the persons involved in or affected by a motor vehicle accident
may at any time enter into a written settlement agreement for the payment of an agreed
amount with respect to all claims of any of the persons because of bodily injury to
or the death of any person or property damage arising from the accident, which agreement
may provide for payment in installments, and may file a signed copy of the settlement
agreement with the division. B. In the event of a default in any payment under such settlement agreement and upon
notice of default, the division shall take action suspending the license or registration,
or both if the owner and driver are the same person, or any nonresident's operating
privilege of the person in default. C. The suspension shall remain in effect and the license or registration shall not
be restored until: (1) the person in default has paid the balance of the agreed amount; or (2) one year has elapsed following the effective date of the suspension and evidence
satisfactory to the division has been filed with it that during such period no action
at law upon the settlement agreement has been instituted and is pending.
Source: official New Mexico text · Last verified 2026-08-27
Frequently Asked Questions About New Mexico § 66-5-210
What does New Mexico Statutes Annotated § 66-5-210 cover?
Section 66-5-210 ("Settlement agreements for payment of damages") 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 § 66-5-210?
A common citation format is "New Mexico Statutes Annotated § 66-5-210" (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 § 66-5-210 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.