{"data":{"id":"us-nm/58-15-20.1","jurisdiction":"us-nm","citation":"58-15-20.1","heading":"Installment loans; refund anticipation loans; insufficient funds; permitted charges.","body":"A. If there are insufficient funds to pay a check or other type of debit on the date of presentment by the licensee, a check or debit authorization request shall not be presented to a financial institution by a licensee for payment more than one time per payment due unless the consumer agrees in writing, after a check or other type of debit has been dishonored, to one additional presentment or deposit.\nB. A licensee shall not charge a consumer for fees, interest or charges of any kind other than those permitted pursuant to Sections 58-15-16, 58-15-17 and 58-15-20 NMSA 1978.","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":"00dfde17598d238b196886e0ab7bb1709b9b228d8de5dac5bdf22ce8408ad8b7","source_id":"us-nm","stale":false,"prev":"us-nm/58-15-20","next":"us-nm/58-15-21"},"notice":"GroundRules: Original legal text. Not legal advice."}