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    • Legislation USA
    • 2021 New Mexico Statutes
    • Chapter 47 - Property Law
    • Article 11 - Time Shares
    • Section 47-11-6 - Prizes.

    2021 New Mexico Statutes
    Article 11 - Time Shares
    Section 47-11-6 - Prizes.

    An advertisement or promotion of a time share which includes the offer of a prize or other inducement shall fully comply with the provisions of the Unfair Practices Act.
    History: Laws 1986, ch. 97, ยง 7.

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    Structure 2021 New Mexico Statutes

    2021 New Mexico Statutes

    Chapter 47 - Property Law

    Article 11 - Time Shares

    Section 47-11-1 - Short title.

    Section 47-11-2 - Definitions.

    Section 47-11-2.1 - Registration required of time share projects; real estate salesperson license required.

    Section 47-11-3 - Time shares deemed real estate; partition.

    Section 47-11-4 - Disclosure statement.

    Section 47-11-5 - Purchaser's right to cancel; escrow; violation.

    Section 47-11-6 - Prizes.

    Section 47-11-7 - Time share proxy.

    Section 47-11-8 - Exchange programs.

    Section 47-11-9 - Service of process on exchange company.

    Section 47-11-10 - Securities laws apply.

    Section 47-11-11 - Application for registration of time share project; denial of registration; renewal; reinstatement; termination of developer's interest.

    Section 47-11-11.1 - Register of applicants; roster of registrants; registered projects; financial report to secretary of state.

    Section 47-11-11.2 - Disciplinary action by commission.

    Section 47-11-12 - Private enforcement.

    Section 47-11-13 - Release of liens.

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