Statutes > New Mexico Statutes > Chapter 58 - Financial Institutions and Regulations. > Article 22 - Escrow Companies, 58-22-1 through 58-22-33. > Section 58-22-13 - Action on bond; limitation.

Section 58-22-13 - Action on bond; limitation.

58-22-13. Action on bond; limitation.

No action shall be brought upon any bond required pursuant to Section 10 [58-22-10 NMSA 1978] of the Escrow Company Act or insurance coverage required pursuant to Section 11 [58-22-11 NMSA 1978] of that act after the expiration of three years from the accrual of the cause of action.