N.M. Stat. § 56-8-5

Interest; open accounts.

Last amended: 1983Year: 2026Length: 39 wordsOfficial source
In current or open accounts there shall not be collected more than fifteen percent interest annually thereon, thirty days after the delivery of the last article or service; provided that the parties may set a higher rate by agreement.
N.M. Stat. § 56-8-5: Interest; open accounts. | Justis AI