There is a newer version of the New Mexico Statutes
2006 New Mexico Statutes - 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 to 58-7-3, 58-7-5 to 58-7-9 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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