New Mexico Statutes
§ 58-7-3.2 — Extension agreement
New Mexico § 58-7-3.2
This text of New Mexico § 58-7-3.2 (Extension agreement) 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. § 58-7-3.2 (2026).
Text
In precomputed loan transactions where the borrower and lender execute an extension agreement for the deferral of an installment payment, the lender may make an interest charge on the monthly installment that is deferred at a rate not exceeding that on the original loan for each month or portion of a month that the payment has been deferred.
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Legislative History
1978 Comp., § 58-7-3.2, enacted by Laws 1983, ch. 96, § 2.
Nearby Sections
15
§ 58-1-1
Short title§ 58-1-11
Access by fiduciaries§ 58-1-13
Lease to minor§ 58-1-14
Search procedure on death§ 58-1-17
Qualification and fiduciary powers§ 58-1-18
Fiduciary bond or oath excused§ 58-1-2
Definitions of banks§ 58-1-2.1
Prohibition§ 58-1-20
Reserves against deposits§ 58-1-21
LoansCite This Page — Counsel Stack
Bluebook (online)
New Mexico § 58-7-3.2, Counsel Stack Legal Research, https://law.counselstack.com/statute/nm/58-7-3.2.