There Is a Newer Version
of
the New Mexico Statutes
2011 New Mexico Statutes
Chapter 56: Commercial Instruments and Transactions
Article 2: Debt Adjusters, 56-2-1 through 56-2-4
Section 56-2-1: Definitions.
Universal Citation:
NM Stat § 56-2-1 (1996 through 1st Sess 50th Legis)
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on the American Association of Law Libraries Universal Citation Guide and is not
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56-2-1. Definitions.
As used in this act [56-2-1 to 56-2-4 NMSA 1978]:
A. "person" means an individual, partnership, corporation and association;
B. "debt adjuster" means a person who acts or offers to act for a consideration as an intermediary between a debtor and his creditors for the purpose of settling, compounding or in anywise altering the terms of payment of any debts of the debtor; and, to that end, receives money or other property from the debtor, or on behalf of the debtor, for payment to, or distribution among the creditors of the debtor;
C. "debtor" means an individual, and includes two (2) or more individuals who are jointly and severally, or jointly or severally indebted.
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