New Mexico Statute of Limitations for Oral Contracts
In New Mexico, the statute of limitations for oral contracts is 6 years. After this period, a lawsuit based on this type of claim is generally time-barred.
Data last updated: Apr 16, 2026Key Takeaways
- Time limit: 6 years from accrual.
- Statute: N.M. Stat. § 37-1-3.
- Same period as written contracts.
What are oral contracts claims?
Claims arising from verbal agreements not reduced to writing.
Details
Same period as written contracts.
General New Mexico Rules
New Mexico provides 6 years for contract claims and 3 years for personal injury. The Medical Malpractice Act governs medical negligence claims and includes a mandatory review process. The discovery rule applies to medical malpractice and fraud claims.
Other Statutes of Limitations in New Mexico
Oral Contracts in Other States
Frequently Asked Questions
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What is the statute of limitations for oral contracts in New Mexico?
The statute of limitations for oral contracts in New Mexico is 6 years. Citation: N.M. Stat. § 37-1-3.
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When does the clock start for oral contracts in New Mexico?
Same period as written contracts.
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Can the statute of limitations for oral contracts be extended in New Mexico?
In some cases, yes. Tolling provisions may apply for minors, persons with incapacity, or when the defendant is absent from the state. The discovery rule may also delay the start of the statute. Consult an attorney for your specific situation.