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Section 58-6-2 – Repealed.

ANNOTATIONS Repeals. — Laws 1999, ch. 213, § 10 repeals 58-6-1 and 58-6-2 NMSA 1978, being Laws 1945, ch. 122, §§ 1 and 2, as amended, relating to power to make loans guaranteed under Servicemen’s Readjustment Act, which had been repealed in 1958 by P.L. No. 85-857, and minors’ eligibility for such loans, effective June […]

Section 58-6-3 – Legal disability of minors removed when borrowing money for educational purposes.

A. As used in this section: (1) “person” means any individual, partnership, company, corporation, association, institution, department or agency; and (2) “institution of higher learning” means any graduate or undergraduate junior college, college, university, technical and vocational institute or similar institution accredited or approved by the appropriate official, department or agency as provided by the […]

Section 58-6-5 – Credit agreements; requirements.

A. As used in this section, “financial institution” means a bank, savings and loan association or credit union authorized to transact business in the state. B. A contract, promise or commitment to loan money or to grant, extend or renew credit or any modification thereof, in an amount greater than twenty-five thousand dollars ($25,000), not […]