The use or employment of any chain referral sales technique, plan, arrangement or agreement whereby the buyer is induced to purchase merchandise or services upon the seller's representation or promise that if the buyer will furnish the seller names of other prospective buyers of like or identical merchandise that the seller will contact the named prospective buyers and the buyer will receive a reduction in the purchase price by means of a cash rebate, commission, credit toward balance due or any other consideration, is declared to be an unlawful practice within the meaning of the Unfair Practices Act.
History: 1953 Comp., § 49-15-5, enacted by Laws 1967, ch. 268, § 5.
Structure New Mexico Statutes
Chapter 57 - Trade Practices and Regulations
Article 12 - Unfair Trade Practices
Section 57-12-1 - Short title.
Section 57-12-2 - Definitions.
Section 57-12-3 - Unfair or deceptive and unconscionable trade practices prohibited.
Section 57-12-3.1 - Unauthorized use of delivery container prohibited.
Section 57-12-4 - Interpretation.
Section 57-12-5 - Chain referral sales technique; prohibited.
Section 57-12-6 - Misrepresentation of motor vehicles; penalty.
Section 57-12-8 - Restraint of prohibited acts; remedies for violations.
Section 57-12-9 - Settlements.
Section 57-12-10 - Private remedies.
Section 57-12-11 - Civil penalty.
Section 57-12-12 - Civil investigative demand.
Section 57-12-13 - Regulations.
Section 57-12-14 - Construction.
Section 57-12-15 - Enforcement.
Section 57-12-16 - Advertising media excluded.
Section 57-12-17 - Issuance of ne exeat.
Section 57-12-18 - Posting of bond.
Section 57-12-19 - [Hearing after incarceration.]
Section 57-12-20 - Sureties on bond.
Section 57-12-21 - Door-to-door sales; contracts; requirements; prohibitions.
Section 57-12-23 - Unsolicited facsimiles or email; prohibition.
Section 57-12-24 - Unsolicited facsimiles or email; private remedy.
Section 57-12-25 - Solicitations using loan information; restriction; cause of action.
Section 57-12-26 - Gift certificates; expiration; fees; penalties.