New Mexico Statutes
§ 58-15-10.2 — Reporting of credit required
New Mexico § 58-15-10.2
This text of New Mexico § 58-15-10.2 (Reporting of credit required) 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. § 58-15-10.2 (2026).
Text
A.For each installment loan issued pursuant to Paragraph (1) of Subsection F of Section 58-15-2 NMSA 1978 and refund anticipation loan made pursuant to the New Mexico Small Loan Act of 1955, a lender shall report to a consumer reporting agency the terms of the loan and the borrower's performance pursuant to those terms.
B.For each installment loan issued pursuant to Paragraph (2) of Subsection F of Section 58-15-2 NMSA 1978, a lender may report to a consumer reporting agency the terms of the loan and the borrower's performance pursuant to those terms.
C.Any lender making a report to a consumer reporting agency pursuant to this section shall report both positive and negative performance by the borrower.
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Legislative History
Laws 2017, ch. 110, § 21; 2022, ch. 23, § 9.
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 § 58-15-10.2, Counsel Stack Legal Research, https://law.counselstack.com/statute/nm/58/58-15-10.2.