Nothing herein contained shall be so construed as to impair or affect the obligation of any contract of loan between any licensee, under Chapter 174, New Mexico Session Laws of 1947 (Article 17, Chapter 48, New Mexico Statutes Annotated 1953), and any borrower, which was lawfully entered into prior to the effective date of this act.
§ 58-15-28 NMSA 1978
Status of preexisting obligations
Known as the New Mexico Small Loan Act
The act spans §§ 58–58 (47 sections).
1953 Comp., § 48-17-55, enacted by Laws 1955, ch. 128, § 26.
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.