N.M. Admin. Code § 12.2.11.7

Current through Register Vol. 35, No. 23, December 10, 2024

Section 12.2.11.7 - DEFINITIONS

A. "Automatic renewal provision" means a provision under which a service contract is renewed for a specified period if:

(1) the renewal causes the service contract to continue in effect more than two months after the end of the term of the original contract; and

(2) the renewal is effective unless the consumer gives notice to the seller of the consumer's intention to terminate the service contract.

B. "Seller" means a person providing service, maintenance, or repair under a service contract.

C. "Service contract" means any contract for service, maintenance or repair.

N.M. Admin. Code § 12.2.11.7

12.2.11.7 NMAC - N, 9/15/09