{"data":{"id":"us-nm/56-8-8","jurisdiction":"us-nm","citation":"56-8-8","heading":"[Excessive commission for procuring loan; penalty.]","body":"That any person, association of persons or corporation violating the preceding section [56-8-7 NMSA 1978] shall be deemed guilty of a misdemeanor, and upon conviction thereof shall be punished by a fine of not less than one hundred dollars [($100)] nor more than five hundred dollars [($500)], or by imprisonment for not less than thirty nor more than ninety days, or by both such fine and imprisonment; and shall also be liable in damages to the party injured in double the whole amount so charged for negotiating or securing any such loan.","path":["Chapter 56 - Commercial Instruments and Transactions","ARTICLE 8 Money, Interest and Usury"],"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":"4c129f793298ca7b34c547efd05abd6a6eeccbc6509bb7d00154c5bfda0d5654","source_id":"us-nm","stale":false,"prev":"us-nm/56-8-7","next":"us-nm/56-8-9"},"notice":"GroundRules: Original legal text. Not legal advice."}