N.M. Admin. Code § 19.2.100.50

Current through Register Vol. 35, No. 23, December 10, 2024
Section 19.2.100.50 - CANCELLATION FOR DEFAULT

The commissioner may cancel any lease or assignment thereof for default upon giving the lessee or assignee notice by registered mail (certified mail if the lease so provides) of the commissioner's intention to cancel, specifying the default and, unless the lessee or assignee remedies the default within thirty days of the mailing date, the commissioner may cancel the lease or assignment. Proof of receipt of notice is not necessary or required before a valid cancellation may be entered.

N.M. Admin. Code § 19.2.100.50

19.2.100.50 NMAC - Rn, SLO Rule 1, Section 1.043, 12/13/2002, Adopted by New Mexico Register, Volume XXVII, Issue 12, June 30, 2016, eff. 6/30/2016, Amended by New Mexico Register, Volume XXX, Issue 11, June 11, 2019, eff. 6/11/2019