N.M. Admin. Code § 8.50.111.10

Current through Register Vol. 35, No. 23, December 10, 2024

Section 8.50.111.10 - INTEREST CALCULATIONS

The Title IV-D agency calculates interest in accordance with:

A. New Mexico law regarding the accrual of interest on support obligations is applied to New Mexico support orders; and

B. the interest rules of the issuing state (state that issued the order) apply when New Mexico registers a foreign support order; the initiating state (state requesting registration of a foreign support order) is responsible for providing an accurate audit to include interest, as appropriate.

N.M. Admin. Code § 8.50.111.10

8.50.111.10 NMAC - Rp, 8.50.111.12 NMAC, 12/30/10, Amended by New Mexico Register, Volume XXXII, Issue 23, December 14, 2021, eff. 1/1/2022