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New Mexico Collection Agency



Accounts Adjustment Bureau or AAB should be your preferred commercial New Mexico Collection Agency. For over 40 years AAB has handled commercial debt recovery all over the US. Our Clients include small and large companies that need a New Mexico collection agency.

A New Mexico collection agency has some unique challenges. Although there are no usury limitations per se in New Mexico, there are serious consequences for a lender making a personal loan above 15%. In order to protect our out of state Clients we screen any consumer accounts listed with our New Mexico collection agency.

One other interesting detail about New Mexico interest rates is unique. It is the discretion of the court as to what the judgment will be in a civil case. Should the court think the defendant may have had a reasonable defense; the interest rate on the judgment will be lower. The implications of disputed accounts must be considered by a New Mexico collection agency.

Below is some summary information on New Mexico Collection Agency regulations and laws to consider that may affect an Oklahoma collection agency. These points should be considered when placing commercial debt for collection with a New Mexico collection agency.

New Mexico Collection Laws



NOTE: The New Mexico information on collection laws below is summary in nature and subject to change. While we make every effort to insure accuracy, the information provided should not be considered legal advice or to be one hundred percent accurate. No warranty is expressed or implied and AAB assumes no liability for its use.

New Mexico Collection Interest Rates



New Mexico Legal Rate: 15% per annum
Contract Rate: 15%
Corporate Rate: No special rate
Judgment Rate: 8.75 %
Usury % Cap: 15%

A New Mexico Collection Agency can only apply interest rates as stated above.

New Mexico Statute of Limitations



Oral Contracts: 4 Years
Written Contracts: 6 Years
Judgment: 14 Years

Bad or NSF Check collection charges in New Mexico


In New Mexico: Written demand required. If payment is not made within ten days, triple damages may be incurred by the debtor

New Mexico Collection Agency Laws


New Mexico Collection Agency Licensing: YES
Exception: No person shall be considered to be engaged in collection activity within New Mexico if that person’s activities regarding New Mexico are limited to collecting debts not incurred in New Mexico from debtors located in New Mexico by means of interstate communications, including telephone, mail or facsimile transmission, from the person’s location in another state.
Bond: $5,000 (minimum)
Trust Account: Required for resident agencies

The Information above on commercial debt recovery and New Mexico Collection Agency laws is provided for Clients searching for a New Mexico collection agency. Request a free consultation or Quote on our commercial debt recovery when considering AAB as your New Mexico collection agency.
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New Mexico Cities

Alamogordo, NM
Albuquerque, NM
Artesia, NM
Carlsbad, NM
Clovis, NM
Deming, NM
Farmington, NM
Gallup, Hobbs, NM
Las Cruces, NM
Las Vegas, NM
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Los Lunas, NM
Portales, NM
Rio Rancho, NM
Roswell, NM
Santa Fe, NM
Silver City, NM
Sunland Park, NM