New Mexico Statutes

§ 58-7-11 — Preemption

New Mexico § 58-7-11
JurisdictionNew Mexico
Ch. 58Financial Institutions and Regulations
Art. 7Installment Loans

This text of New Mexico § 58-7-11 (Preemption) 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. § 58-7-11 (2026).

Text

The state has exclusive jurisdiction and authority regarding the terms and conditions of loans to which the New Mexico Bank Installment Loan Act of 1959 is applicable, and counties, municipalities and other political subdivisions of the state are preempted from any regulation of terms and conditions of such loans by ordinance, resolution or otherwise.

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Legislative History

Laws 2017, ch. 110, § 10.

Nearby Sections

15
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Bluebook (online)
New Mexico § 58-7-11, Counsel Stack Legal Research, https://law.counselstack.com/statute/nm/58/58-7-11.