GroundRules
58-7-3.1: Precomputed loan.
Where this section sits in the code
- Chapter 58 - Financial Institutions and Regulations
- ARTICLE 7 Installment Loans
In a precomputed loan transaction, the interest charge shall be calculated on the assumption that all scheduled payments will be made when due, and the effect of prepayment is governed by the provisions of rebate upon prepayment in Section 58-7-5 NMSA 1978.
Collected 2026-09-03T15:02:20Z. Source file · JSON