Legal Status
Prohibited
Citation
N.M. Stat. Ann. § 58-7-3 et seq.
Loan Terms
Maximum Finance Rate and Fees: 36% APR Cap; payday lending is effectively prohibited.
Prohibited
N.M. Stat. Ann. § 58-7-3 et seq.
Maximum Finance Rate and Fees: 36% APR Cap; payday lending is effectively prohibited.