N.M. Admin. Code § 17.10.2.10

Current through Register Vol. 36, No. 1, January 14, 2025

Section 17.10.2.10 - BUDGET BILLING PLANS

A. A dealer should offer reasonable budget billing plans to its residential customers. The offer of budget billing plans shall not be unreasonably withheld.

B. Budget billing plans shall be binding contracts under New Mexico law and shall be in writing. The pricing and time period language shall be printed in no less than 12-point boldface type of uniform font.

C. Budget billing plans may include a requirement for a deposit sufficient to ensure full payment to the dealer.

D. A budget billing plan shall provide that if a credit remains at the end of the budget billing plan term, that credit, including any deposit, shall be reimbursed to the residential customer not later than thirty (30) days after the end date of the plan, unless the dealer and residential customer agree otherwise.

N.M. Admin. Code § 17.10.2.10

17.10.2.10 NMAC - N, 12-15-10