New Mexico Payday Loan Laws
| Min/Max Term of Payday Loan: | Not specified | | Max Fees and Finance Charges: | Not specified | | Maximum Loan Amount: | Not specified | | Number of Rollovers: | Not specified | | Outstanding loans allowed at one time: | Not specified | | Cool-off period: | Not specified | | Military Protection: | Not specified | | Payment Plan: | Not specified | | Limits on collection and presentment: | Not specified | | Collection fees: | Not specified | | Presentment Limit: | Not specified | | Penalties: | Not specified | | Private right of action: | Not specified |
New Mexico Payday Loan Laws:
New Mexico permits payday lenders to operate and charge any interest rate or fees which the borrower agrees to pay. Lenders must comply with other provisions of the state's small loan act.
| Payday Loan Laws: |
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