Chapter 58, Article 7 NMSA 1978 may be cited as the 'New Mexico Bank Installment Loan Act of 1959'. History: 1953 Comp., § 48-21-1, enacted by Laws 1959, ch. 327, § 1; 2017, ch. 110, § 2. ANNOTATIONSThe 2017 amendment, effective January 1, 2018, changed 'This act shall be known' to 'Chapter 58, Article 7 NMSA 1978 may be cited'. Applicability. — Laws 2017, ch. 110, § 26 provided that the provisions of Laws 2017, ch. 110 shall apply to loans subject to the New Mexico Small Loan Act of 1955 and the New Mexico Bank Installment Loan Act of 1959 executed on or after January 1, 2018. Am. Jur. 2d, A.L.R. and C.J.S. references. — Failure of moneylender or creditor engaged in business of making loans to procure license or permit as affecting validity or enforceability of contract, 29 A.L.R.4th 884. Construction and application of Consumer Credit Protection Act provisions (18 USCS §§ 891-894) prohibiting extortionate credit transactions, 106 A.L.R. Fed. 33.
New Mexico Legal Code