Your Right to Cancel a Purchase in New Mexico

For door-to-door sales of consumer goods or services with a purchase price of $25 or more, where the seller personally solicits the sale and the buyer agrees to it somewhere other than the seller's place of business, the buyer may cancel at any time before midnight of the third business day after the transaction. The seller must give a receipt or contract with a cancellation notice and a "Notice of Cancellation" form, tell the buyer orally about the right to cancel, and refund payments, return trade-ins and cancel security interests within ten business days after a valid cancellation. Some transactions are excluded, such as real property, insurance, securities, certain buyer-requested repairs and some emergency purchases.