Credit Repair Licensing in New Mexico

Does New Mexico require a credit repair license?
We are not aware of any “state” license requirements specifically for credit repair; however depending on your city and county you may be required to obtain a local tax receipt, permit or local professional license. Most counties and cities in the state require business licenses or permits for all businesses, including one-person, home-based operations. If you’re conducting business within a city’s limits, check with your city government to determine licensing requirements. If you’re in an unincorporated area, check with the county government. If you have an office in more than one city or county, you might need to get a license for each one.

CSO(Credit Service Organizations) Registration in New Mexico

What is “CSO Registration”?

Federal and State governments call credit repair companies “Credit Service Organizations”. The acronym “C.S.O.” is an abbreviation for the term. Some states require CSO’s to register with one or more of the specific state agencies to know exactly who is practicing credit repair within their state. Some states publicly post a list of CSO’s online that have registered so consumers can check the listing to confirm a credit repair company is registered or not. All of the information below is public information found on the states website. We’ve made every attempt to ensure the information posted is accurate; however, the state may change its policies, procedures or requirements therefore we are not responsible for any discrepancies. We strongly encourage you to do your own research or hire a competent legal professional prior to making any business or legal decisions. 

Is CSO (Credit Service Organizations) registration required in New Mexico?
No, New Mexico does not require CSO registration.

What agencies CSO’s (Credit Service Organizations) required to register with?
N/A

What is the process and fee to register as a CSO (Credit Service Organizations) in New Mexico?

N/A

Credit Repair Contracts

If you are providing credit repair services to consumers, under Federal law (CROA) you are required to provide a contract for those consumers. On a state level, each state has different requirements for many different aspects of how you conduct business including but not limited to how much you can charge, when you charge, how long you can charge, when clients can cancel or receive a refund that need to be included in the contracts for consumers who reside in that state as well as state specific disclosures that are required to be included. This section can help you understand how you may choose to customize your contracts. All of the information below is public information found on the states website. We’ve made every attempt to ensure the information posted is accurate; however, the state may change its requirements therefore we are not responsible for any discrepancies. We strongly encourage you to do your own research or hire a competent legal professional prior to making any business or legal decisions.

Does New Mexico have specific contract requirements?
No

What is the statute specific to New Mexico credit repair contracts?
N/A

Does New Mexico have a Term requirement?
N/A

Does New Mexico have a Cancellation requirement?
N/A

Does New Mexico have a Refund requirement?
No

Does New Mexico require specific Disclosures in their contract?
No, New Mexico does not require disclosures.

Additional Notes:
N/A