A consumer credit bank shall be subject to the laws governing financial institutions except when the rights, powers, privileges or provisions of those laws are inconsistent with the rights, powers, privileges, provisions or limitations of the Consumer Credit Bank Act, in which case the latter shall control.
History: Laws 1993, ch. 11, § 8.
Severability clauses. — Laws 1993, ch. 11, § 9 provides for the severability of the act if any part or application thereof is held invalid.
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.