Any creditor engaging in transactions subject to the provisions of the Motor Vehicle Sales Finance Act who complies with the provisions of 15 United States Code Sections 1601 through 1665, and the regulations promulgated pursuant thereto, shall be deemed to have complied with applicable disclosure provisions of the Motor Vehicle Sales Finance Act.
History: 1953 Comp., § 50-15-13, enacted by Laws 1975, ch. 274, § 3.
Structure New Mexico Statutes
Chapter 58 - Financial Institutions and Regulations
Article 19 - Motor Vehicle Sales Finance
Section 58-19-1 - Short title.
Section 58-19-2 - Definitions.
Section 58-19-4 - Suspension or revocation of licenses; renewal license denied; appeals.
Section 58-19-5 - Investigations; complaints; examinations; fees.
Section 58-19-6 - Powers of director.
Section 58-19-7 - Retail installment contracts; requirements; prohibitions.
Section 58-19-9 - Credit upon anticipation of payments.
Section 58-19-10 - Refinancing retail installment contract.
Section 58-19-10.1 - Loan to refinance motor vehicle sale.
Section 58-19-13 - Creditor compliance with federal regulation deemed compliance with this act.