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Statutes > New Mexico Statutes > Chapter 56 - Commercial Instruments and Transactions. > Article 1 - Retail Installment Sales, 56-1-1 through 56-1-16.

Article 1 - Retail Installment Sales, 56-1-1 through 56-1-16.

  • Section 56-1-1 - Definitions.
  • Section 56-1-2 - Retail installment contracts; consolidation; first bought, first paid.
  • Section 56-1-2.1 - Repealed.
  • Section 56-1-3 - Retail charge agreements.
  • Section 56-1-3.1 - Repealed.
  • Section 56-1-4 - Insurance.
  • Section 56-1-5 - Prohibited provisions.
  • Section 56-1-6 - Assignment.
  • Section 56-1-7 - Waiver.
  • Section 56-1-8 - Penalty for violation of act.
  • Section 56-1-9 - Violation; bar to recovery.
  • Section 56-1-10 - Injunction to prevent violation.
  • Section 56-1-11 - Consent to discontinuance.
  • Section 56-1-12 - Violation of injunction; penalty.
  • Section 56-1-13 - Contracts executed prior to act.
  • Section 56-1-14 - Open-end retail charge agreements; application of payments; prohibition against repossession of merchandise under agreement when paid for.
  • Section 56-1-15 - Creditor compliance with federal regulations deemed compliance with this act.
  • Section 56-1-16 - Variable rates.




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