The provisions of the Service Contract Regulation Act do not apply to: A. a warranty;

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Terms Used In New Mexico Statutes 59A-58-3

  • Contract: A legal written agreement that becomes binding when signed.

B. a maintenance agreement;

C. a service contract provided by a public utility on its transmission device if the service contract is regulated by the public regulation commission;

D. a service contract sold or offered for sale to a person who is not a consumer; or

E. a service contract for property if the purchase price of the property is less than two hundred fifty dollars ($250) and the consideration for the service contract is less than twenty-five dollars ($25.00).