State Law Guide · Updated January 2026
Many F&I products allow cancellation for a pro-rata refund, but the contract, product type, timing, claims, and state law all matter.
New Mexico Extended Warranty Cancellation Guide
Under New Mexico Service Contract Regulation Act, New Mexico gives you the right to cancel and receive refunds on F&I products. You have a 10 days (at sale) / 20 days (mailed) free look period for full refunds. Dealers who fail to comply face 10% of purchase price per 30-day period late; Article 16 civil penalties up to $5,000 per violation ($100,000 aggregate).
Quick Answer
Cancellation rights in New Mexico depend on the product and contract. Upload yours to see which add-ons appear cancellable. During the first 10 days (at sale) / 20 days (mailed), you receive a full refund (minus up to 10% of purchase price fee). Refunds must be issued within 60 days. You can sue in Small Claims Court for up to $10,000.
Purchased F&I products in New Mexico?
Check your rights under New Mexico law
Key New Mexico Provisions
| Provision | Requirement | Your Right |
|---|---|---|
| Free Look Period | 10 days if at point of sale (20 days if mailed) | Full refund if no claim made and contract returned within the window |
| Provider Registration | Required | Providers must register with Superintendent of Insurance |
| Refund Deadline | 60 days | Refund must be issued within 60 days of cancellation (§ 59A-58-9) |
| No Provider Cancellation After 70 Days | NMSA 59A-58-12 | Provider cannot cancel after 70 days except for specific reasons |
| No Forced Purchase | Prohibited | Cannot require service contract purchase as condition of loan |
Free Look Period
10 days if at point of sale (20 days if mailed)Provider Registration
RequiredRefund Deadline
60 daysNo Provider Cancellation After 70 Days
NMSA 59A-58-12No Forced Purchase
ProhibitedWhat New Mexico Law Requires
Your Cancellation Rights
Under New Mexico Service Contract Regulation Act, some F&I products sold in New Mexico may be cancellable or refundable, subject to their contract terms. During the free look period (10 days (at sale) / 20 days (mailed)), you receive a full refund. After this period, you're still entitled to a pro-rata refund based on unused time or mileage.
Timeline
Once you submit your request, the dealer or administrator has 60 days to respond. Failure to comply may result in 10% of purchase price per 30-day period late; Article 16 civil penalties up to $5,000 per violation ($100,000 aggregate).
Your contract may include cancellation rights that are easy to overlook. We identify the products, check the applicable terms and rules, and estimate what may be refundable.
A formal demand letter citing your state's exact statutes is harder to ignore than a generic email.
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See What You May Be Owed Under New Mexico Law
Our tool checks New Mexico Service Contract Regulation Act and state-specific provisions against your paperwork for free — then generates a formal f&i product cancellation letter if you want one.
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State-Specific Citations
Maximum refund amounts
What you'll see before you decide
A document-specific answer, not a generic promise:
- The amount at issue, itemized
- The rules or contract terms that appear applicable
- What looks strong, weak, or needs more evidence
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Frequently Asked Questions
Can I cancel my extended warranty in New Mexico?
Yes. Under NMSA § 59A-58-9, you can cancel within 10 days of purchase if the contract was delivered at the point of sale, or 20 days if it was mailed, for a full refund if no claim was made. After that window, the provider may charge a reasonable admin fee of up to 10% of the purchase price. Providers cannot cancel contracts after 70 days in effect except for specific reasons like fraud or nonpayment.
Can a New Mexico provider cancel my service contract?
Only under limited circumstances after 70 days: nonpayment, material misrepresentation, fraud, or substantial changes in required service. The provider must follow the procedures in Section 59A-58-12.
Can a dealer require me to buy a service contract in New Mexico?
No. NMSA § 59A-58 prohibits conditioning the approval of a loan or purchase of property on the purchase of a service contract.
Where do I file a complaint in New Mexico?
Contact the New Mexico Office of Superintendent of Insurance at (855) 427-5674 or the New Mexico Attorney General Consumer Protection Division at (505) 490-4060.
New Mexico Regulatory Contacts
If you need to file a complaint or seek assistance, contact these official agencies:
Contact information is provided for reference. Verify current details on official agency websites.
Compare Other States
See how New Mexico's laws compare to other states:
See What You May Be Owed in New Mexico
Check your contract against New Mexico cancellation rules and see which products appear refundable.
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Optional letter only if you act · New Mexico Service Contract Regulation Act