New Mexico Statutes
N.M. Stat. § 58-15-32 (2026)
Repealed
✓ current as of May 2026
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History: Laws 2007, ch. 86, § 14; repealed by Laws 2017, ch. 110, § 25. ANNOTATIONS
Repeals. — Laws 2017, ch. 110, § 25 repealed 58-15-32 NMSA 1978, as enacted by Laws 2007, ch. 86, § 14, relating to requirements for payday loans, effective January 1, 2018. For provisions of former section, see the 2017 NMSA on NMOneSource.com.
Notes of Decisions
Cited in 3
cases, 2014–2017 · leading case: Daye v. Cmty. Fin. Serv. Centers, LLC, 233 F. Supp. 3d 946 (D.N.M. 2017).
Daye v. Cmty. Fin. Serv. Centers, LLC, 233 F. Supp. 3d 946 (D.N.M. 2017). “pal, which fee is fully earned and nonrefundable at the time a payday loan agreement is executed and payable in full at the end of the term of the payday loan or upon prepayment of the payday loan unless a payday loan is rescinded pursuant to Subsection C of Section 58-15-32…”
State Ex Rel. King v. B&B Inv. Grp., Inc., 2014 NMSC 24 (N.M. 2014). “See § 58-15-32. Signature loan products are not subject to the restrictions placed on payday loans by the 2007 amendments to the Small Loan Act because they do not meet the definition of payday loans.”
Daye v. Cmty. Fin. Loan Serv. Centers, LLC, 280 F. Supp. 3d 1222 (D.N.M. 2017). “” N.M. Stat. Ann. § 58-15-32 (B). 68. Lenders cannot “enter into an agreement for a renewed payday loan or otherwise refinance or extend the term of a payday loan.”
— N.M. Stat. § 58-15-32(A) — 1 case
State Ex Rel. King v. B&B Inv. Grp., Inc., 2014 NMSC 24 (N.M. 2014). “See § 58-15-32. Signature loan products are not subject to the restrictions placed on payday loans by the 2007 amendments to the Small Loan Act because they do not meet the definition of payday loans.”
— N.M. Stat. § 58-15-32(B) — 1 case
Daye v. Cmty. Fin. Serv. Centers, LLC, 233 F. Supp. 3d 946 (D.N.M. 2017). “pal, which fee is fully earned and nonrefundable at the time a payday loan agreement is executed and payable in full at the end of the term of the payday loan or upon prepayment of the payday loan unless a payday loan is rescinded pursuant to Subsection C of Section 58-15-32…”
— N.M. Stat. § 58-15-32(c) — 1 case
Daye v. Cmty. Fin. Serv. Centers, LLC, 233 F. Supp. 3d 946 (D.N.M. 2017). “pal, which fee is fully earned and nonrefundable at the time a payday loan agreement is executed and payable in full at the end of the term of the payday loan or upon prepayment of the payday loan unless a payday loan is rescinded pursuant to Subsection C of Section 58-15-32…”
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