New Mexico Statutes
§ 56-2-1 — Definitions
As used in this act [56-2-1 to 56-2-4 NMSA 1978]: A. "person" means an individual, partnership, corporation and association; B. "debt adjuster" means a person who acts or offers to act for a consideration as an intermediary between a debtor and his creditors for the purpose of settling, compounding or in anywise altering the terms of payment of any debts of the debtor; and, to that end, receives money or other property from the debtor, or on behalf of the debtor, for payment to, or distribution among the creditors of the debtor; C. "debtor" means an individual, and includes two (2) or more individuals who are jointly and severally, or jointly or severally indebted.
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Legislative History
1953 Comp., § 50-17-1, enacted by Laws 1965, ch. 80, § 1.
Nearby Sections
15
§ 56-1-1
Definitions§ 56-1-10
Injunction to prevent violation§ 56-1-11
Consent to discontinuance§ 56-1-12
Violation of injunction; penalty§ 56-1-13
Contracts executed prior to act§ 56-1-16
Variable rates§ 56-1-2.1
Repealed§ 56-1-3
Retail charge agreements§ 56-1-3.1
Repealed§ 56-1-4
Insurance§ 56-1-5
Prohibited provisions§ 56-1-6
Assignment