N.M. Stat. § 58-15-15.1
§ 58-15-15.1. No prepayment penalty on small loans
Last amended: 1955Year: 2026Length: 38 words
No provision in a loan or the evidence of indebtedness of a loan made under the New Mexico Small Loan Act of 1955 requiring a penalty or premium for prepayment of the balance of the indebtedness is enforceable.