New Mexico Statutes

§ 30-43-5 — Collection of extensions of credit by extortionate means

New Mexico·Ch. 30 Criminal Offenses·Art. 43 Loan Sharking
A.A person who knowingly participates or conspires or attempts to participate in the use of any extortionate means to collect any extensions of credit or to cause harm to the person, reputation or property of any person for the nonpayment thereof is guilty of a third degree felony.
B.In any prosecution pursuant to this section, for the purpose of showing an implicit threat as a means of collection, evidence may be introduced tending to show that one or more extensions of credit by the creditor were, to the knowledge of the person against whom the implicit threat was alleged to have been made, collected or attempted to be collected by extortionate means or that the nonpayment resulted in the use of extortionate means.
C.In any prosecution pursuant to this section, if evidence has been in

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New Mexico § 30-43-5 (Collection of extensions of credit by extortionate means) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Legislative History

Laws 1980, ch. 39, § 5.

Nearby Sections

15
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