Any creditor engaging in transactions subject to the provisions of this act, who complies with 15 United States Code, [§§] 1601 through 1665, and the regulations promulgated pursuant thereto, shall be deemed to have complied with applicable provisions of this act.
History: 1953 Comp., § 50-16-15, enacted by Laws 1969, ch. 110, § 1.
Bracketed material. — The bracketed material was inserted by the compiler and is not part of the law.
Compiler's notes. — The words "this act," in the catchline and text of this section apparently refer to Laws 1965, ch. 258, as amended, compiled as 56-1-1 to 56-1-13 NMSA 1978 and may also include Laws 1967, ch. 179, § 1, compiled as 56-1-14 NMSA 1978.
Structure 2021 New Mexico Statutes
Chapter 56 - Commercial Instruments and Transactions
Article 1 - Retail Installment Sales
Section 56-1-2 - Retail installment contracts; consolidation; first bought, first paid.
Section 56-1-3 - Retail charge agreements.
Section 56-1-5 - Prohibited provisions.
Section 56-1-8 - Penalty for violation of act.
Section 56-1-9 - Violation; bar to recovery.
Section 56-1-10 - Injunction to prevent violation.
Section 56-1-11 - Consent to discontinuance.
Section 56-1-12 - Violation of injunction; penalty.
Section 56-1-13 - Contracts executed prior to act.
Section 56-1-15 - Creditor compliance with federal regulations deemed compliance with this act.