Bill > HB245

This bill establishes new regulations for compensation related to veterans' benefits matters in New Mexico. The legislation prohibits individuals from receiving payment for preparing, presenting, or assisting with veterans' benefits claims, except as specifically permitted under federal law. Key provisions include: defining compensation and veterans' benefits matters; preventing individuals from receiving fees before a claim is filed; prohibiting guarantees about specific benefits or outcomes; limiting compensation to reasonable and non-excessive fees as determined by federal regulations; and requiring a written agreement signed by both parties before providing any services. The bill also amends the state's Unfair Practices Act to add a violation related to these new veterans' benefits compensation restrictions. Notably, the restrictions do not apply to accredited representatives of recognized organizations or accredited agents and attorneys who are authorized under federal regulations to provide such services. The goal appears to be protecting veterans from potential exploitation by unscrupulous service providers while maintaining legitimate paths for obtaining assistance with benefits claims.

Military Affairs and Security

https://www.nmlegis.gov/Legislation/Legislation?chamber=H&legtype=B&legno=245&year=25