Bill > HB162

This bill proposes to repeal Section 30-7-7.3 of the New Mexico Statutes Annotated (NMSA), which currently mandates a seven-day waiting period for firearm sales in the state. By repealing this section of law, the bill would eliminate the requirement that firearms purchasers must wait seven days between the time of purchase and when they can actually take possession of the firearm. This means that once a person completes a firearm purchase and passes any required background checks, they would be able to immediately take possession of the weapon, effectively removing the current mandatory waiting period designed to provide a buffer for additional background screening and potential cooling-off time. The bill is straightforward in its approach, simply striking the existing law that established the waiting period without proposing any alternative provisions or modifications to firearm sales regulations.

Business and Industry

https://www.nmlegis.gov/Legislation/Legislation?chamber=H&legtype=B&legno=162&year=25