The provisions of this act [56-1-1 to 56-1-13 NMSA 1978] shall not invalidate or make unlawful retail installment contracts or retail charge agreements executed prior to the effective date hereof.
History: 1953 Comp., § 50-16-13, enacted by Laws 1965, ch. 258, § 13.
Compiler's notes. — The phrase "effective date hereof" at the end of the section refers to the effective date of Laws 1965, ch. 258, which was May 19, 1965.
Severability. — Laws 1965, ch. 258, § 14, provided for the severability of the act if any part or application thereof is held invalid.
Structure 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.