New Mexico · New Mexico Statutes 1978 — full code (public domain; via Open US Law, CC BY 4.0)
N.M. Stat. § 58-7-8: N.M. Stat. § 58-7-8
What this law says, in plain English
Willfully violating the Bank Installment Loan Act is a misdemeanor punishable by fine up to $5,000 and/or up to six months imprisonment. Violating certain provisions voids the loan contract and bars collection of interest or principal.
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