A. In dealing with businesses, professions and individuals, a credit bureau shall require service contracts to be executed in which the regular subscriber or the occasional user certifies that inquiries shall be made only for the purposes of the granting of credit or other bona fide business transaction, such as evaluation of present or prospective credit risks or evaluation of the qualifications of present or prospective employees.
B. The credit bureau shall refuse service to any prospective subscriber or user who will not so certify, and shall discontinue service to any who fails to honor the above contract provisions.
History: 1953 Comp., § 50-18-4, enacted by Laws 1969, ch. 259, § 4.
Law reviews. — For comment, "Credit Bureaus and Consumers - Regulation and Remedy in New Mexico," see 10 Nat. Resources J. 171 (1970).
Am. Jur. 2d, A.L.R. and C.J.S. references. — 15A Am. Jur. 2d Collection and Credit Agencies § 18.
Structure 2021 New Mexico Statutes
Chapter 56 - Commercial Instruments and Transactions
Section 56-3-2 - Availability of information to the public; liability.
Section 56-3-3 - Information to non credit-granting governmental agencies.
Section 56-3-4 - Information to businesses, professions and individuals.
Section 56-3-5 - Personnel reporting; safeguards.
Section 56-3-6 - Report information; limitations.