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2013 New Mexico Statutes
Chapter 58 - Financial Institutions and Regulations
Article 19 - Motor Vehicle Sales Finance
Section 58-19-10.1 - Loan to refinance motor vehicle sale. (1981)


NM Stat § 58-19-10.1 (2013) What's This?

58-19-10.1. Loan to refinance motor vehicle sale. (1981) 
Any transaction in the form of a loan, other than a retail installment contract, is not subject to the provisions of the Motor Vehicle Sales Finance Act [58-19-1 NMSA 1978], even though all or a portion of the proceeds of such transaction in the form of a loan are applied to the unpaid balance of a retail installment contract.   
  History: 1978 Comp., § 58-19-10.1, enacted by Laws 1981, ch. 182, § 1. 

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