Bill
HB 495
HB 495 restricts service provider liens on property for unpaid services, potentially limiting contractor and business collection tools while affecting consumer debt obligations and dispute resolution.
HB 495 restricts the ability of service providers to place liens on property or assets as a means of securing payment for services rendered. The bill limits which service providers can use liens and under what circumstances, potentially modifying existing lien rights that contractors, mechanics, and other service professionals currently hold under New Mexico law.
Liens are a critical tool for service providers to guarantee payment when customers fail to pay for work completed. Restricting these rights could affect how service businesses—from auto repair shops to construction contractors—manage payment collection, potentially increasing bad debt costs that may be passed to consumers. Conversely, overly broad lien rights can trap property owners with legal encumbrances that are difficult and expensive to resolve.
Compiled from official sources — confirm details with the bill’s official record.
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