← All states
New Mexico: rules and deadlines at a glance
Every 9 topic we track for New Mexico on one page. Open a topic for the details, the law it comes from and how New Mexico compares.
Compare New Mexico with another state →
Small claims limits · Claim deadlines · Car insurance by state · Final paycheck rules · Debt time limits · Shared fault rules · Lemon law rules · Corporate tax rates
General information only, not legal, insurance or financial advice. Not affiliated with any government agency. Exceptions can apply; open a topic for the details.
| Product liability | 3 years |
|---|
| Property damage | 4 years |
|---|
| Dollar limit | $10,000 (magistrate court) |
|---|
| Filing fee | About $77 |
|---|
| Lawyers | Allowed; most companies need one |
|---|
| Acknowledge | No fixed number of days; must act with reasonable promptness |
|---|
| Accept or deny | Reasonable time |
|---|
| Pay | Not set by rule |
|---|
| Minimum liability | $25,000 / $50,000 / $10,000 |
|---|
| Fault system | At-fault (the driver who caused it pays) |
|---|
| Shared-fault rule | Pure comparative: recovery reduced by your share of fault |
|---|
| If you are fired | Within 5 days (10 days for commission or piece pay) |
|---|
| If you quit | Next regular payday |
|---|
| Credit cards / open accounts | 4 years |
|---|
| Written contracts | 6 years |
|---|
| Promissory notes | 6 years |
|---|
| Rule | Pure comparative negligence |
|---|
| When you are barred | Up to 99% at fault: damages reduced by your share |
|---|
| Repair attempts or days | 4 attempts or 30 business days |
|---|
| Coverage period | Warranty or 1 year, whichever first |
|---|
| Top rate | 5.9% |
|---|
| Structure | Flat |
|---|