Any person, copartnership, trust, association or corporation and the several members, beneficiaries, officers, directors, agents and employees thereof who violate or participate in the violation of any provision of the New Mexico Small Loan Act of 1955 are guilty of a misdemeanor and upon conviction shall be punished by a fine of not less than five hundred dollars ($500) or more than one thousand dollars ($1,000) or by imprisonment of not more than six months or both in the discretion of the court.
§ 58-15-30 NMSA 1978
Penalties; general
Known as the New Mexico Small Loan Act
The act spans §§ 58–58 (47 sections).
Applied in 1 court decision — leading case Daye v. Community Financial Loan Service Centers, LLC (2017)
Most recently applied in Daye v. Community Financial Loan Service Centers, LLC (November 2017)
1953 Comp., § 48-17-57, enacted by Laws 1955, ch. 128, § 28; 2007, ch. 86, § 13.
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.