It shall be unlawful for any person who hereafter so accepts or receives, either directly or indirectly, any payment, thing or service of value, as set forth in Section 5 [57-11-5 NMSA 1978] of this act, or hereafter so contracts, either directly or indirectly, to receive any such payment or thing or service of value to thereafter finance or attempt to finance the purchase or sale of any motor vehicle or buy or attempt to buy any conditional sales contracts, chattel mortgages or leases on motor vehicles sold at retail in this state.
History: Laws 1937, ch. 75, § 6; 1941 Comp., § 68-1606; 1953 Comp., § 64-31-6.
Bracketed material. — The bracketed material was inserted by the compiler and is not part of the law.
Structure New Mexico Statutes
Chapter 57 - Trade Practices and Regulations
Article 11 - Financing of Automobile Sales
Section 57-11-1 - [Agreements restricting financing of sales to certain persons prohibited.]
Section 57-11-6 - [Violators of 57-11-5 NMSA 1978 forbidden to carry on business.]
Section 57-11-7 - [Suits or proceedings against violators of act.]
Section 57-11-9 - [Penalties.]
Section 57-11-10 - [Contract in violation of act void.]
Section 57-11-11 - [Provisions of act cumulative.]
Section 57-11-12 - [Action for damages by violation of act.]