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. History: Laws 1987, ch. 252, § 28; 1992, ch. 36, § 1. ANNOTATIONSThe 1992 amendment, effective May 20, 1992, substituted 'shall remit' for 'must remit', inserted 'and any amounts collected pursuant to Section 61-18A-28.1 NMSA 1978', and made a stylistic change.
New Mexico Legal Code