N.M. Admin. Code § 17.5.410.17

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

Section 17.5.410.17 - METHODS TO ESTABLISH ACCEPTABLE CREDIT RATING

A. In determining whether a residential customer who has not previously had utility service with the utility has an acceptable credit rating, a utility shall consider the following:

(1) documentation that the residential customer owns or is purchasing the residence served;

(2) documentation that the residential customer has an adequate income;

(3) documentation that the residential customer has an adequate credit reference from a utility where the residential customer had prior utility service;

(4) documentation obtained by the utility from a commercial credit source; or

(5) any other reasonable documentation.

B. If a prospective residential customer cannot establish an acceptable credit rating but previously received utility service under the name of a spouse, the utility may consider prior utility service to that spouse in determining whether and in what amount a security deposit will be charged.

N.M. Admin. Code § 17.5.410.17

17.5.410.17 NMAC - Rp, 17.5.410.17 NMAC, 7-1-11