2021 New Mexico Statutes
Chapter 56 - Commercial Instruments and Transactions
Article 1 - Retail Installment Sales

Section 56-1-1 - Definitions. - As used in Chapter 56, Article 1 NMSA 1978, unless...

Section 56-1-2 - Retail installment contracts; consolidation; first bought, first paid. - A. Each retail installment contract shall be in writing, dated,...

Section 56-1-2.1 - Repealed. - Repeals. — Laws 1981, ch. 263, § 4, repealed 56-1-2.1...

Section 56-1-3 - Retail charge agreements. - A. Each retail charge agreement shall be in writing and...

Section 56-1-3.1 - Repealed. - Repeals. — Laws 1981, ch. 263, § 4, repealed 56-1-3.1...

Section 56-1-4 - Insurance. - If the cost of insurance is included in the retail...

Section 56-1-5 - Prohibited provisions. - No retail installment contract or retail charge agreement shall contain...

Section 56-1-6 - Assignment. - Notwithstanding the provisions of any other law: A. an assignee...

Section 56-1-7 - [Waiver.] - No act or agreement of the retail buyer before or...

Section 56-1-8 - Penalty for violation of act. - Any person who wilfully [willfully] and intentionally violates any provision...

Section 56-1-9 - Violation; bar to recovery. - Any seller who enters into any contract or agreement which...

Section 56-1-10 - Injunction to prevent violation. - The attorney general of the state of New Mexico or...

Section 56-1-11 - Consent to discontinuance. - In the enforcement of this act [56-1-1 to 56-1-13 NMSA...

Section 56-1-12 - Violation of injunction; penalty. - Any person who violates any order or injunction issued pursuant...

Section 56-1-13 - Contracts executed prior to act. - The provisions of this act [56-1-1 to 56-1-13 NMSA 1978]...

Section 56-1-14 - Open-end retail charge agreements; application of payments; prohibition against repossession of merchandise under agreement when paid for. - A. Payments made on retail charges agreements, open-end contracts or...

Section 56-1-15 - Creditor compliance with federal regulations deemed compliance with this act. - Any creditor engaging in transactions subject to the provisions of...

Section 56-1-16 - Variable rates. - A retail installment contract for the purchase of a mobile...