Escheat in New Mexico

Overview

Sources

N.M. Stat. Ann. ? 7-8A-2

Recipient Office

The Department of Taxation and Revenue

Reporting

Time Period: 5
Due Diligence Amount: 50
Due Diligence Dates: Not more than 120 days and not less 60 day prior to report
Aggregate Amount: 49.99
Report Period: 7/1-6/30
Report Due Date: 11/1
Negative Reporting: Yes

Dormancy Fee

Only if there is a valid and enforceable contract with the owner under which the holder may impose the charge and the holder regularly imposes the charge and does not regularly reverse or cancel it. Amount limited to amount that is not unconscionable.

Web Site

http://www.tax.newmexico.gov/Individuals/search-unclaimed-property.aspx