N.M. Stat. § 56-8-3

Interest rate; no written contract.

Last amended: 1983Year: 2026Length: 69 wordsOfficial source
The rate of interest, in the absence of a written contract fixing a different rate, shall be not more than fifteen percent annually in the following cases: A. on money due by contract; B. on money received to the use of another and retained without the owner's consent expressed or implied; and C. on money due upon the settlement of matured accounts from the day the balance is ascertained.
N.M. Stat. § 56-8-3: Interest rate; no written contract. | Justis AI