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New Mexico · Through 2024-04-26

56-8-5: Interest; open accounts.

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Where this section sits in the code
  1. Chapter 56 - Commercial Instruments and Transactions
  2. ARTICLE 8 Money, Interest and Usury

In current or open accounts there shall not be collected more than fifteen percent interest annually thereon, thirty days after the delivery of the last article or service; provided that the parties may set a higher rate by agreement.

Collected 2026-09-03T15:02:20Z. Source file · JSON

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