N.M. Stat. Ann. § 58-15-1 et seq.
Maximum Loan Amount: 5000
Loan Term: 120 days
Finance Charge for 14-day $100 Loan: N/A
APR for 14-day $100 Loan: N/A
Maximum Number of Outstanding Loans at One Time: Silent
Rollovers Permitted: Yes, but they must become a new loan with their own disclosures. N.M. Stat. Ann. § 58-15-17
Cooling-off Period: Silent
Repayment Plan: Must be made in 4 equal payments. N.M. Stat. Ann. § 58-15-17
Collection Fees: Delinquency fees of a maximum of $10 per loan. Can be sent to an independent lawyer for collections. N.M. Stat. Ann. § 58-15-20.
Criminal Action: Only civil action permitted. N.M Stat. Ann. §58-15-