For each installment loan made pursuant to the New Mexico Bank Installment Loan Act of 1959, a lender shall report to a consumer reporting agency the terms of the loan and the borrower's performance pursuant to those terms.
§ 58-7-10 NMSA 1978
Reporting of credit required
Known as the New Mexico Bank Installment Loan Act
The act spans §§ 58–58 (15 sections).
Laws 2017, ch. 110, § 9.
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.