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Statutes > New Mexico Statutes > Chapter 56 - Commercial Instruments and Transactions. > Article 8 - Money, Interest and Usury, 56-8-1 through 56-8-30.

Article 8 - Money, Interest and Usury, 56-8-1 through 56-8-30.

  • Section 56-8-1 - Lawful money; definition; application.
  • Section 56-8-2 - Denominations to be reduced to lawful basis in actions.
  • Section 56-8-3 - Interest rate; no written contract.
  • Section 56-8-4 - Judgments and decrees; basis of computing interest.
  • Section 56-8-5 - Interest; open accounts.
  • Section 56-8-6 - Grain purchase contracts; disclosure regarding act of God clause.
  • Section 56-8-7 - Procuring loans; rate of commission; exceptions.
  • Section 56-8-8 - Excessive commission for procuring loan; penalty.
  • Section 56-8-9 - Excessive charges prohibited; applicability of maximum rates; definition.
  • Section 56-8-10 - Farm, ranch and agriculture loans.
  • Section 56-8-11 - Repealed.
  • Section 56-8-11.4 - Repealed.
  • Section 56-8-12 - Loans by agent; liability of principal.
  • Section 56-8-13 - Penalties and forfeitures.
  • Section 56-8-14 - Criminal penalty.
  • Section 56-8-15 to 56-8-20 - Repealed.
  • Section 56-8-21 - Usury; corporations and limited partnerships.
  • Section 56-8-22 - Short title.
  • Section 56-8-23 - Purpose of act.
  • Section 56-8-24 - Definitions.
  • Section 56-8-25 to 56-8-28 - Repealed.
  • Section 56-8-29 - Civil penalty for violation of act.
  • Section 56-8-30 - No prepayment penalty on home loans.




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