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Section 56-3-1 - Definitions — New Mexico Law | CourtGPT
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New Mexico Legal Code

Section 56-3-1 - Definitions

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As used in this act [56-3-1 to 56-3-6 NMSA 1978]: A. 'credit bureau' means any business engaged in furnishing credit information about consumers; and B. 'consumer' means any natural person in the general consuming public who seeks or is seeking credit for personal, family or household purposes. History: 1953 Comp., § 50-18-1, enacted by Laws 1969, ch. 259, § 1; 1971, ch. 278, § 4. ANNOTATIONSLaw reviews. — For comment, 'Credit Bureaus and Consumers - Regulation and Remedy in New Mexico,' see 10 Nat. Resources J. 171 (1970). Am. Jur. 2d, A.L.R. and C.J.S. references. — 15A Am. Jur. 2d Collection and Credit Agencies §§ 1 to 27. Rights and remedies of financial institution customer in relation to subpoena duces tecum exception to general prohibitions of state right to financial privacy statute, 43 A.L.R.4th 1157. Credit card issuer's liability, under state laws, for wrongful billing, cancellation, dishonor, or disclosure, 53 A.L.R.4th 231.