N.M. Stat. » Chapter 58 — Financial Institutions and Regulations
New Mexico Statutes

N.M. Stat. § 58-19-1 (2026)

Short title

✓ current as of May 2026
Find cases: SyfertCases citing this section NM-LEGnmonesource.com JustiaChapter on Justia CornellLII Search CasesGoogle Scholar

Chapter 58, Article 19 NMSA 1978 may be cited as the "Motor Vehicle Sales Finance Act". History: 1953 Comp., § 50-15-1, enacted by Laws 1959, ch. 204, § 1; 2001, ch. 123, § 1.

ANNOTATIONS

The 2001 amendment, effective June 15, 2001, substituted "Chapter 58, Article 19 NMSA 1978" for "This act".

Notes of Decisions
Cited in 3 cases (1 in the last 5 years), 2010–2021 · leading case: Autovest v. Agosto, 2021 NMCA 053 (N.M. Ct. App. 2021).
Sort: Relevance Newest Treatment
Autovest v. Agosto, 2021 NMCA 053 (N.M. Ct. App. 2021). · cites it 2× “Similarly, Section 58-19-7(M), which is part of the Motor Vehicle Sales Finance Act, NMSA 1978 §§ 58-19-1 to -14 (1959, as amended through 2019), provides that “[i]n the event that the seller or the holder of the retail installment contract repossesses a motor vehicle, the buyer…”
Daye v. Cmty. Fin. Serv. Centers, LLC, 233 F. Supp. 3d 946 (D.N.M. 2017). “None of the provisions of the New Mexico Bank Installment Loan Act of 1959 apply to the assignment or purchase of retail installment contracts originated under the provisions of Sections 58-19-1 through 58-19-14 NMSA 1978 or originated under the provisions of Sections 56-1-1…”
Charley v. Franklin Capital (N.M. Ct. App. 2010). “14 Plaintiffs also cite the Motor Vehicle Sales Finance Act (MVSFA), NMSA 15 Sections 58-19-1 through -14 (1959, as amended through 2001), and argue that two 16 provisions therein prohibit Franklin from utilizing the Rule of 78s to compute the 17 refunds.”
Annotations are extracted automatically from the opinions in the Syfert caselaw corpus and ranked by authority, recency, and treatment. Dots show Syfertize treatment of the citing case itself.