Payday Loan Laws - NM
The rules and regulations issuers of payday loans must abide by in the state of New Mexico.
Legal Status:
Legal
Loan Terms:
Maximum Loan Amount: Not Specified
Loan Term: Not Specified
Maximum Finance Rate and Fees: No Limit
Finance Charge for 14-day $100 loan: No Limit
APR for 14-day $100 loan: No Limit
Debt Limits:
Maximum Number of Outstanding Loans at One Time: No Limit
Rollovers Permitted: Not Specified
Collection Limits:
Collection Fees: Attorney's Fees, Court Costs, Filing Fees
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