N.M. R. Gov. Client. Prot. Fund 17A-007

As amended through August 23, 2024

Rule 17A-007 - Duties and responsibilities of the commission

The commission shall:

A. receive, evaluate, determine and pay claims;

B. promulgate rules of procedure not inconsistent with these rules and subject to approval by the Supreme Court;

C. prudently invest such portions of the fund as may not be needed currently to pay losses, and to maintain sufficient reserves as appropriate;

D. provide a full report at least annually to the court and to the board and to make other reports as necessary;

E. publicize its activities to potential claimants, the public and the bar;

F. work with the staff of the state bar to assure the commission's effective and efficient performance of its functions;

G. retain and compensate consultants, investigators, actuaries, agents, legal counsel and other persons as necessary;

H. prosecute claims for restitution to which the fund is entitled;

I. engage in studies and programs for client protection and prevention of dishonest conduct by lawyers;

J. promote effective communication between lawyer disciplinary authorities and the fund, and

K. perform all other acts necessary or proper for the fulfillment of the purposes and effective administration of the fund.

N.M. R. Gov. Client. Prot. Fund 17A-007

Approved by Supreme Court Order 05-8300-25, effective 12/13/2005.