{"data":{"id":"us-nm/57-26-3","jurisdiction":"us-nm","citation":"57-26-3","heading":"Exempted transactions; relationship to other laws.","body":"A. The Rental-Purchase Agreement Act does not apply to the following:\n(1) rental-purchase agreements made primarily for business, commercial or agricultural purposes;\n(2) a lease of a safe deposit box;\n(3) a lease or bailment of personal property that is incidental to the lease of real property and provides that the consumer has no option to purchase the leased property;\n(4) a lease of a \"motor vehicle\", as defined in Subsection C of Section 56-1-1 NMSA 1978; or\n(5) a lease of a \"mobile home\", as defined in Subsection D of Section 56-1-1 NMSA 1978.\nB. Rental-purchase agreements are not governed by the provisions of:\n(1) the Uniform Commercial Code [Chapter 55 NMSA 1978];\n(2) Chapter 56, Articles 1 and 8 NMSA 1978; or\n(3) Chapter 58, Article 15 NMSA 1978.","path":["Chapter 57 - Trade Practices and Regulations","ARTICLE 26 Rental-Purchase Agreements"],"source_url":"https://nmonesource.com/nmos/nmsa-unanno/en/item/18560/index.do","current_through":"2025-06-20","vintage":"","retrieved_at":"2026-09-03T15:02:20Z","sha256":"544ba964638376e498a4165c63060b26e8eccef4a7b9b3012eef1148e19848da","source_id":"us-nm","stale":false,"prev":"us-nm/57-26-2","next":"us-nm/57-26-4"},"notice":"GroundRules: Original legal text. Not legal advice."}