What is required for a consumer to obtain payment from the Recovery Fund?

To obtain payment from the Recovery Fund in New Mexico, a consumer is required to secure a judgment that clearly states the amount owed. This requirement ensures that the consumer has a legal determination of the debt before accessing the fund, providing a mechanism for accountability and protection for the fund itself. The judgment serves as proof that the consumer has pursued all available remedies and establishes the appropriate amount to be compensated.

While personal identification or proof of residency may be important in various contexts, they do not directly relate to the specific process of recovering funds from the Recovery Fund. Additionally, having a valid real estate license pertains more to the licensure of real estate professionals rather than to consumers seeking recovery for financial losses. Therefore, obtaining a judgment is the critical step that allows consumers to engage with the Recovery Fund.