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NEW MEXICO STATUTES AND CODES

Section 58-7-3 - Loans covered by act.

58-7-3. Loans covered by act.

The New Mexico Bank Installment Loan Act of 1959 [58-7-1 NMSA 1978] applies to a loan that is a precomputed loan repayable in installments or that is clearly identified on the loan documents as being made under that act.   

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