{"data":{"id":"us-nm/56-2-1","jurisdiction":"us-nm","citation":"56-2-1","heading":"Definitions.","body":"As used in this act [56-2-1 to 56-2-4 NMSA 1978]:\nA. \"person\" means an individual, partnership, corporation and association;\nB. \"debt adjuster\" means a person who acts or offers to act for a consideration as an intermediary between a debtor and his creditors for the purpose of settling, compounding or in anywise altering the terms of payment of any debts of the debtor; and, to that end, receives money or other property from the debtor, or on behalf of the debtor, for payment to, or distribution among the creditors of the debtor;\nC. \"debtor\" means an individual, and includes two (2) or more individuals who are jointly and severally, or jointly or severally indebted.","path":["Chapter 56 - Commercial Instruments and Transactions","ARTICLE 2 Debt Adjusters"],"source_url":"https://nmonesource.com/nmos/nmsa-unanno/en/item/18559/index.do","current_through":"2024-04-26","vintage":"","retrieved_at":"2026-09-03T15:02:20Z","sha256":"7130077e689855a9340d51e8d90b91c3ecab46d5737b6e29b8b70709ca3afc6f","source_id":"us-nm","stale":false,"prev":"us-nm/56-1-16","next":"us-nm/56-2-2"},"notice":"GroundRules: Original legal text. Not legal advice."}