A domestic bank shall not be required to establish a consumer credit bank to issue credit cards and create credit card accounts.
History: Laws 1993, ch. 11, ยง 4.
Structure New Mexico Statutes
Chapter 58 - Financial Institutions and Regulations
Article 1A - Consumer Credit Banks
Section 58-1A-1 - Short title.
Section 58-1A-2 - Definitions.
Section 58-1A-3 - Organization of consumer credit bank.
Section 58-1A-4 - Domestic banks; exemption.
Section 58-1A-5 - Credit card account; terms and conditions.
Section 58-1A-6 - Regulation of consumer credit banks.