New Mexico Statutes

§ 57-12-2 — Definitions

New Mexico·Ch. 57 Trade Practices and Regulations·Art. 12 Unfair Trade Practices

As used in the Unfair Practices Act: A. “person" means, where applicable, natural persons, corporations, trusts, partnerships, associations, cooperative associations, clubs, companies, firms, joint ventures or syndicates; B. “seller-initiated telephone sale" means a sale, lease or rental of goods or services in which the seller or the seller's representative solicits the sale by telephoning the prospective purchaser and in which the sale is consummated entirely by telephone or mail, but does not include a transaction:

(1)in which a person solicits a sale from a prospective purchaser who has previously made an authorized purchase from the seller's business; or (2) in which the purchaser is accorded the right of rescission by the provisions of the federal Consumer Credit Protection Act, 15

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Related

§ 1635
15 U.S.C. § 1635

Legislative History

1953 Comp., § 49-15-2, enacted by Laws 1967, ch. 268, § 2; 1969, ch. 208, §

Nearby Sections

15
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