This act, or any part thereof, may be modified, amended or repealed so as to effect a cancellation or alteration of any license or right of a license hereunder; provided, that such cancellation or alteration shall not impair or affect the obligation of any preexisting lawful contract between any licensee and any borrower.
§ 58-15-27 NMSA 1978
Amendment
Known as the New Mexico Small Loan Act
The act spans §§ 58–58 (47 sections).
1953 Comp., § 48-17-54, enacted by Laws 1955, ch. 128, § 25.
Official source: NMOneSource (New Mexico Compilation Commission). Reproduced from public-domain New Mexico statutes; confirm against the official source for the current text. Not legal advice.