This page provides general legal information and calculation tools, not legal advice. DocketMath is not a law firm and does not provide legal representation, and using this site does not create an attorney-client relationship. Laws change and exceptions apply, so deadlines and amounts specific to your situation should be confirmed with a licensed attorney in your jurisdiction.

Structured Settlement in New Mexico

Under New Mexico’s Structured Settlement Protection Act, NMSA 1978 §§ 39-1A-1 to 39-1A-5, the mandatory waiting period after a court approves a transfer is three days. The statute requires that no transfer of structured settlement payment rights may take effect until at least three full business days have passed following the entry of the court order. This cooling-off period is designed to give the payee a final opportunity to reconsider the transaction before funds are disbursed. The official source at nmonesource.com sets out the specific conditions and exceptions that apply to this rule. The calculator below provides a worked example of how the waiting period interacts with the approval process. For an estimate tailored to your situation, use the DocketMath calculator.

Governing authority

In New Mexico, the structured settlement rule is set by NMSA 1978 §§ 39-1A-1 to 39-1A-5 (New Mexico Structured Settlement Protection Act). The verified packet cites NMSA 1978 §§ 39-1A-1 to 39-1A-5 (New Mexico Structured Settlement Protection Act) (https://nmonesource.com/nmos/nmsa/en/item/4408/index.do).

New Mexico structured settlement: the verified value is 3 days under NMSA 1978 §§ 39-1A-1 to 39-1A-5 (New Mexico Structured Settlement Protection Act). The verified packet cites NMSA 1978 §§ 39-1A-1 to 39-1A-5 (New Mexico Structured Settlement Protection Act) (https://nmonesource.com/nmos/nmsa/en/item/4408/index.do).

Estimate your own result: every situation has exceptions that can change the outcome. Use the structured settlement calculator to estimate your specific figure.

This page provides general legal information and calculation tools, not legal advice. DocketMath is not a law firm and does not provide legal representation, and using this site does not create an attorney-client relationship. Laws change and exceptions apply, so deadlines and amounts specific to your situation should be confirmed with a licensed attorney in your jurisdiction.