New Mexico § 56-3-7 Civil liability for noncompliance

New Mexico Statutes

§ 56-3-7 — Civil liability for noncompliance

New Mexico § 56-3-7

Ch. 56Commercial Instruments and Transactions

Art. 3Credit Bureaus

This text of New Mexico § 56-3-7 (Civil liability for noncompliance) is published on Counsel Stack Legal Research, covering New Mexico primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

N.M. Stat. Ann. § 56-3-7 (2026).

Text

A. Any credit bureau or user of information that willfully fails to comply with any requirement of Sections 56-3-1 through 56-3-6 NMSA 1978 with respect to any consumer is liable to that consumer in an amount equal to:

(1)any actual damages sustained by the consumer as a result of the failure;

(2)punitive damages as the court may allow; and (3) in the case of any successful action under this section, costs of the action and reasonable attorney's fees as determined by the court. B. Any credit bureau or user of information that is negligent in failing to comply with any requirement of Sections 56-3-1 through 56-3-6 NMSA 1978 with respect to any consumer is liable to that consumer in an amount equal to:

(1)any actual damages sustained by the consumer as a result of the failure; and (2) in

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A. Any credit bureau or user of information that willfully fails to comply with any requirement of Sections 56-3-1 through 56-3-6 NMSA 1978 with respect to any consumer is liable to that consumer in an amount equal to: (1) any actual damages sustained by the consumer as a result of the failure; (2) punitive damages as the court may allow; and (3) in the case of any successful action under this section, costs of the action and reasonable attorney's fees as determined by the court. B. Any credit bureau or user of information that is negligent in failing to comply with any requirement of Sections 56-3-1 through 56-3-6 NMSA 1978 with respect to any consumer is liable to that consumer in an amount equal to: (1) any actual damages sustained by the consumer as a result of the failure; and (2) in the case of any successful action under this section, costs of the action and reasonable attorney's fees as determined by the court.