{"data":{"id":"us-nm/21-21-25","jurisdiction":"us-nm","citation":"21-21-25","heading":"Collection of student loans; contracts authorized.","body":"The board of educational finance [commission on higher education [higher education department]] may contract with one or more attorneys or law firms or with any other private business concern to assist the board [commission [department]] in collecting any defaulted loan made pursuant to the Student Loan Act [21-21-1 to 21-21-13 NMSA 1978] or the Student Loan Guarantee Act [21-21-14 to 21-21-24 NMSA 1978]. No contract shall be entered into pursuant to this section unless proposals have been sought from two or more qualified firms.","path":["Chapter 21 - State and Private Education Institutions","ARTICLE 21 Student Loans"],"source_url":"https://nmonesource.com/nmos/nmsa-unanno/en/item/18521/index.do","current_through":"2026-07-01","vintage":"","retrieved_at":"2026-09-03T15:02:19Z","sha256":"d33140f30707359d0c03ce1632e91044140b87c5c22166ebfe68d4c6a9ea8fc0","source_id":"us-nm","stale":false,"prev":"us-nm/21-21-24","next":"us-nm/21-21-26"},"notice":"GroundRules: Original legal text. Not legal advice."}