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PH can't really track COB bids as they are handed out, unless it's a partially structured COB. So putting a time limit on them to be accepted really wouldn't work. How would it be tracked? But generally speaking, groups need an answer so that they can give that bid to someone else if that PNM doesn't take it.
And the OP said she opted to wait till fall to pledge so I interpret that as she did not accept it/sign the card because she would be accepting it if she did.
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