New Mexico Administrative Code
Title 12 - TRADE, COMMERCE AND BANKING
Chapter 2 - CONSUMER PROTECTION
Part 4 - REQUIREMENTS FOR THE ADVERTISING AND SALE OF MOTOR VEHICLES
Section 12.2.4.15 - TRADE-INS
Universal Citation: 12 NM Admin Code 12.2.4.15
Current through Register Vol. 35, No. 18, September 24, 2024
A. It is an unfair or deceptive trade practice for a dealer to use a guaranteed trade-in amount or range of amounts in any advertising.
B. It is an unfair or deceptive trade practice for a dealer to use a multiple, such as "double", or other type of increased trade-in allowance in any advertising.
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