New Mexico Statutes
Chapter 58 - Financial Institutions and Regulations
Article 7 - Installment Loans

Section 58-7-1 - Short title. - Chapter 58, Article 7 NMSA 1978 may be cited as...

Section 58-7-2 - Persons to whom act applicable. - This act [58-7-1 to 58-7-3, 58-7-5 to 58-7-9 NMSA 1978]...

Section 58-7-3 - Loans covered by act. - A. The New Mexico Bank Installment Loan Act of 1959...

Section 58-7-3.1 - Precomputed loan. - In a precomputed loan transaction, the interest charge shall be...

Section 58-7-3.2 - Extension agreement. - In precomputed loan transactions where the borrower and lender execute...

Section 58-7-3.3 - Requirements for making and paying loans; incomplete instruments; limitations on charges after judgment and interest. - A. Every lender shall: (1) at the time a consumer...

Section 58-7-3.4 - Right of rescission. - All agreements for precomputed loan transactions shall include a provision...

Section 58-7-4 - Repealed. - Repeals. — Laws 1981, ch. 263, § 4, repeals 58-7-4...

Section 58-7-5 - Prepayment; precomputed loan transactions. - If the entire unpaid balance outstanding on a precomputed loan...

Section 58-7-6 - Permitted charges; limitation on presentment. - A. No amount, other than the total finance charge, which...

Section 58-7-7 - Restrictions. - A. No lender shall make a loan pursuant to the...

Section 58-7-8 - Penalties and forfeitures. - A. Any person willfully violating any of the provisions of...

Section 58-7-9 - Construction; definitions. - A. None of the provisions of the New Mexico Small...

Section 58-7-10 - Reporting of credit required. - For each installment loan made pursuant to the New Mexico...

Section 58-7-11 - Preemption. - The state has exclusive jurisdiction and authority regarding the terms...