A. Within thirty business days of receipt of a payment on a medical debt, the health care facility, third-party health care provider, medical creditor, medical debt collector or their agents receiving the payment shall send a receipt to the person who made the payment. The receipt may take the form of a billing statement. All receipts shall show:
(1) the amount paid;
(2) the date payment was received;
(3) the new balance after application of the payment;
(4) the interest rate and interest accrued since the consumer's last payment;
(5) the consumer's account number;
(6) the name of the current owner of the debt and, if different, the name of the medical creditor; and
(7) whether the payment is accepted as payment in full of the debt.
B. All health care facilities, third-party health care providers, medical creditors and medical debt collectors shall apply payments as of the date payment was received or, if received after business hours, the next business day, and use that date when assessing penalties or interest accumulation.
History: Laws 2021, ch. 31, § 7.
Effective dates. — Laws 2021, ch. 31, § 14 made Laws 2021, ch. 31, § 7 effective July 1, 2021.
Structure 2021 New Mexico Statutes
Chapter 57 - Trade Practices and Regulations
Article 32 - Patients' Debt Collection Protection
Section 57-32-1 - Short title.
Section 57-32-2 - Definitions.
Section 57-32-3 - Requirement to provide screening for insurance and program eligibility.
Section 57-32-4 - Indigent patients; patients' debt collection protections.
Section 57-32-5 - Department guidance on funding sources, billing and screening.
Section 57-32-6 - Billing information.
Section 57-32-7 - Receipts for payments.
Section 57-32-8 - Indigent care reporting requirements.