New Mexico Statutes
§ 56-8-5 — Interest; open accounts
New Mexico § 56-8-5
This text of New Mexico § 56-8-5 (Interest; open accounts) 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. § 56-8-5 (2026).
Text
In current or open accounts there shall not be collected more than fifteen percent interest annually thereon, thirty days after the delivery of the last article or service; provided that the parties may set a higher rate by agreement.
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Legislative History
Laws 1882, ch. 25, § 2; C.L. 1884, § 1736; C.L. 1897, § 2552; Code 1915, §
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Repealed§ 56-1-3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Repealed§ 56-1-4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
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Bluebook (online)
New Mexico § 56-8-5, Counsel Stack Legal Research, https://law.counselstack.com/statute/nm/56/56-8-5.