New Mexico Statutes
Article 28 - Retainage
Section 57-28-3 - Applicability of act.

The provisions of the Prompt Payment Act do not apply to construction contracts for residential property containing four or fewer dwelling units.
History: Laws 2001, ch. 68, § 3; 2007, ch. 213, § 3.
The 2007 amendment, effective June 15, 2007, changed the title of the act.