N.M. Admin. Code § 17.11.28.18

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

Section 17.11.28.18 - ANCILLARY SERVICE CHARGES

A. An ICSP shall not charge an ancillary service charge that is not among the types of ancillary service charge listed in the definition of ancillary service charge at Paragraph (1) of Subsection A of 17.11.28.7 NMAC.

B. No ICSP may charge a rate for a permitted ancillary service charge in excess of:

(1) for automated payment fees -- $3.00 per use;

(2) for single-call and related services - the exact transaction fee charged by the third-party provider, with no markup, plus the adopted, per-minute rate - $3.00;

(3) for live-agent fees -- $5.95 per use;

(4) for paper bill/statement fees -- $2.00 per use; and

(5) for third-party financial transaction fees - the exact fees, with no markup, that result from the transaction. - $3.00 per transaction.

C. No ICSP may charge more than one type of ancillary service charge for any single payment transaction.

N.M. Admin. Code § 17.11.28.18

17.11.28.18 NMAC - N, 08-15-13, Adopted by New Mexico Register, Volume XXXIV, Issue 21, November 7, 2023, eff. 11/7/2023