Learn About The Law
Get help with your legal needs
FindLaw’s Learn About the Law features thousands of informational articles to help you understand your options. And if you’re ready to hire an attorney, find one in your area who can help.
Current as of January 01, 2024 | Updated by Findlaw Staff
A. An owner may charge an applicant a screening fee that shall not exceed fifty dollars ($50.00) to cover the cost of obtaining information about the applicant, including the cost of a consumer credit report, a reference check or a screening service; provided that the owner:
(1) provides the applicant with written or digital notice of the screening fee and the applicant agrees in writing to pay the screening fee;
(2) shall not charge the applicant a screening fee when the owner knows or should know that a dwelling unit is not available for rent at that time or will not be available at the beginning of the residency;
(3) provides the applicant with a written or digital receipt for the screening fee paid by the applicant;
(4) shall place a hold on a credit card or wait to deposit cash or checks for an applicant's screening fee until all prior applicants have either been screened and rejected or offered the dwelling unit and declined to enter into a rental agreement; and
(5) shall not charge any other fees to process an application.
B. An owner shall return the screening fee within thirty calendar days to an applicant if:
(1) a prior applicant is offered the dwelling unit and agrees to enter into a rental agreement; or
(2) the owner does not:
(a) obtain a consumer credit report;
(b) perform a reference check;
(c) use a screening service to obtain information about the applicant; or
(d) process the application.
C. A screening fee that is returned as provided in Subsection B of this section shall be:
(1) returned by certified mail;
(2) destroyed upon the applicant's request if paid by check; or
(3) made available for the applicant to retrieve.
Cite this article: FindLaw.com - New Mexico Statutes Chapter 47. Property Law § 47-8-19.2. Dwelling unit applicant screening fee; prohibited fees - last updated January 01, 2024 | https://codes.findlaw.com/nm/chapter-47-property-law/nm-st-sect-47-8-19-2/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
A free source of state and federal court opinions, state laws, and the United States Code. For more information about the legal concepts addressed by these cases and statutes, visit FindLaw’s Learn About the Law.
Make It a Preferred Google Search Source
Add to GoogleGet help with your legal needs
FindLaw’s Learn About the Law features thousands of informational articles to help you understand your options. And if you’re ready to hire an attorney, find one in your area who can help.
Search our directory by legal issue
Enter information in one or both fields (Required)
Answer a few questions and get helpful next steps for your legal issue.