Consumer Law is rather a broad subject and it contains several issues ranging from sales, warranties, lending, contracts, real estate, housing, defective products and injuries resulting from defective products.
The state of New Mexico provides protection to consumers against several forms of practices and businesses. Examples of these and lawsuits attached to these include:
New Mexico Consumer Laws
- breach of contract and claims of bad faith against insurance corporations that refuse to pay people the claims owed individuals who are insured with their companies.
- premises liability claim which involves real properties and land, crimes and insufficient security and personal injuries.
- claims made against creditors and debt collection agencies in lieu of the false statement they make according to the Fair Debt Collection Practices Act and the Fair Credit Reporting Act
- legal suits against predatory lenders which include used car dealer, “payday lenders” and others for not complying with: the Truth in Lending Act, Real Estate Settlement Procedures Act and also for charging excessive interest on their goods .
- legal suits against developers, mortgage brokers, and realtors for being Deceptive and making use of fraudulent real estate schemes, and many more.
- legal suits against home and vehicle service companies for refusing to keep good faith on contracts involving consumer warranty.
The above issues are often bound to ensue between consumers and traders. These issues or disputes could be the result of the unfair and fraudulent business practices that the traders of the state engage in.
The Office of the Attorney General often makes various levels of services available to the general public in a bid to ensure that the business proceedings of the consumers in the state are safe and satisfactory.
The state of New Mexico has various divisions that are dedicated to taking care of the legal issues and disputes that often occur between consumers and traders in the State.
However, the division in charge of handling the legal disputes that may ensue is New Mexico Attorney General’s Consumer Protection Division.
- The State of New Mexico has an Unfair Practices Act which comprises of laws and rules that aims at providing protection for consumers against the illegal and deceptive trade practices that often occur in New Mexico. This act was established in order to ensure that the trade practices in the State are fair and legal.
- The Consumer laws of the state of New Mexico requires the consumers to lodge complaints which should be written. This written letter of complaint would then be sent to the division that is capable of taking the actions that are necessary in order to investigate and make inquiries concerning the state of the matter that exists between the trader and consumer.
- After the completion of the necessary investigation and inquiry and the consumer is found to be right, then the consumer would be compensated either through restitution or by reimbursing him or her.
The Office of the Attorney General is not permitted to function in the capacity of an attorney and representing the consumer in the case concerning the dispute between the traders and consumers.
The lawsuits that are filed to the court concerning Consumer Protection are however interesting and challenging. It is for this reason that the Attorney involved in this case pays careful attention to both the law and the details of the claim made. The attorney must also understand the laws that apply to certain lawsuits.
It is not all dispute between trader and consumer that result in lawsuits. It is for this reason that both the Better Business Bureau and the New Mexico Attorney General have administered a program for consumers.
This program offers these agencies a platform on which to contact the business in order to request an explanation of the illegal practices, on behalf of the Consumer. In some cases, however, the function as a mediator in a bid to have the dispute settled before it gets to court.