New Mexico § 56-2-1 Definitions

New Mexico Statutes

§ 56-2-1 — Definitions

New Mexico § 56-2-1

Ch. 56Commercial Instruments and Transactions

Art. 2Debt Adjusters

This text of New Mexico § 56-2-1 (Definitions) is published on Counsel Stack Legal Research, covering New Mexico primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

N.M. Stat. Ann. § 56-2-1 (2026).

Text

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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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.