A. Suit for satisfaction of the stop notice shall be filed not earlier than thirty days after delivery of the stop notice and within sixty days after delivery of the stop notice, and written notice of such suit shall be mailed to the recipient of the stop notice within five days after the date the suit was filed.
B. While the stop notice suit for satisfaction is being litigated, the claimant shall not file a lien for payment of money claimed by the stop notice.
History: Laws 1989, ch. 301, ยง 9.
Structure 2021 New Mexico Statutes
Chapter 48 - Liens and Mortgages
Section 48-2A-1 - Short title.
Section 48-2A-3 - Definitions.
Section 48-2A-4 - Requirements for disclosure; owners and construction lenders.
Section 48-2A-5 - Stop notices; contents.
Section 48-2A-7 - Stop notices; bonds.
Section 48-2A-8 - Distribution of construction funds; liability.
Section 48-2A-9 - Limitations for filing suit by claimant.
Section 48-2A-10 - Claim satisfied notice; procedure; contents; penalty.