New Mexico Administrative Code
Title 14 - HOUSING AND CONSTRUCTION
Chapter 5 - CONSTRUCTION INDUSTRIES GENERAL PROVISIONS
Part 9 - CODE BOND DETERMINATIONS
Section 14.5.9.13 - EFFECT OF PAYMENT OF A CLAIM
Universal Citation: 14 NM Admin Code 14.5.9.13
Current through Register Vol. 35, No. 18, September 24, 2024
Upon receipt of notice from surety of payment of a claim against a bond, the division shall notify the licensee of the payment, and the licensee shall have 30 days to provide the division with proof of financial responsibility as required by Section 60-13-49 NMSA 1978.
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