In September 2022, the NOM Regulation 247 became a regulation to require immediate use by developers of the consumer protection laws in Mexico. The laws had become legal years before 2022, but legislature realized they were not being followed by the developers of preconstruction condominiums and homes. For your...

The laws for consumer protection are the reason for the new NOM regulation telling the developers of new construction to register their purchase offers for approval from COFECO, the consumer protection agency for Mexico. Projects still in selling mode before September 19, 2022, are using their same contract as...