{"data":{"id":"us-nm/58-15-15.1","jurisdiction":"us-nm","citation":"58-15-15.1","heading":"No prepayment penalty on small loans.","body":"No provision in a loan or the evidence of indebtedness of a loan made under the New Mexico Small Loan Act of 1955 requiring a penalty or premium for prepayment of the balance of the indebtedness is enforceable.","path":["Chapter 58 - Financial Institutions and Regulations","ARTICLE 15 Small Loan Business"],"source_url":"https://nmonesource.com/nmos/nmsa-unanno/en/item/18561/index.do","current_through":"2025-01-07","vintage":"","retrieved_at":"2026-09-03T15:02:20Z","sha256":"f044b93e054e77f64ebc8b95c80c851474bdfa64478b8118d1c07dcaf34e0d47","source_id":"us-nm","stale":false,"prev":"us-nm/58-15-15","next":"us-nm/58-15-16"},"notice":"GroundRules: Original legal text. Not legal advice."}