New Mexico Statutes Chapter 35. Magistrate and Municipal Courts § 35-12-7. Garnishment; exemptions

(1) seventy-five percent of the defendant's disposable earnings for any pay period; or

(2) an amount each week equal to forty times the highest applicable minimum hourly wage rate at the place the wages were earned. The director of the financial institutions division of the regulation and licensing department shall provide a table giving equivalent exemptions for pay periods of other than one week.

(1) “disposable earnings” means that part of a defendant's wage or salary remaining after deducting the amounts that are required by law to be withheld; and

(2) “highest applicable minimum hourly wage rate” means the highest federal, state or local minimum hourly wage rate for an eight-hour day and a forty-hour week applicable at the time the wages are payable. However, it is immaterial whether the garnishee is exempt under federal, state or local law from paying the highest applicable minimum hourly wage rate.