Small Loan Business | Midpage

Collections
New Mexico Statutes Annotated 1978

15

Small Loan Business

State of New Mexico

58-15-1Objects and purposes of act 58-15-2Definitions 58-15-3Applicability of act; exemptions; evasions; penalty 58-15-4Application, investigation and fee; agent for service of process 58-15-5Licenses; investigation of application; issuance; denial; issuance of renewal license; denial of renewal license; fitness and character of applicant; license fees; licensee bound by act 58-15-6Contents and posting of license; limitation of authority granted by license; effective date of license; minimum assets 58-15-7Place of business; change; residence of borrower 58-15-8Revocation, suspension and reinstatement of licenses 58-15-9Examination of licensee's books and records; witnesses 58-15-10Books and records; annual reports; additional information 58-15-10.1Licensee reporting requirements; penalties 58-15-10.2Reporting of credit required 58-15-11Regulations and orders; certified copies 58-15-12Advertising 58-15-13Licensed offices; other business 58-15-14.1Charges; method of computation 58-15-15.1No prepayment penalty on small loans 58-15-16Loan insurance allowable; financing certain premiums prohibited 58-15-17Requirements for making and paying of loans; incomplete instruments; limitations on charges after judgment and interest 58-15-19Loans under other laws 58-15-20Fees and costs 58-15-20.1Installment loans; refund anticipation loans; insufficient funds; permitted charges 58-15-21What constitutes loan of money; wage purchases 58-15-22[Assignments; validity; amount collectible.]58-15-23Violation of general usury laws 58-15-24Loans made elsewhere 58-15-25Review 58-15-26Status of preexisting licensees 58-15-27Amendment 58-15-28Status of preexisting obligations 58-15-29Director to keep record of fees, expenses and disposition of money 58-15-30Penalties; general 58-15-31Short title 58-15-39Duties of division 58-15-40Financial literacy fund 58-15-41Preemption 58-15-42Right of rescission