{"data":{"id":"us-nm/58-6-5","jurisdiction":"us-nm","citation":"58-6-5","heading":"Credit agreements; requirements.","body":"A. As used in this section, \"financial institution\" means a bank, savings and loan association or credit union authorized to transact business in the state.\nB. A contract, promise or commitment to loan money or to grant, extend or renew credit or any modification thereof, in an amount greater than twenty-five thousand dollars ($25,000), not primarily for personal, family or household purposes, made by a financial institution shall not be enforceable unless in writing and signed by the party to be charged or that party's authorized representative.","path":["Chapter 58 - Financial Institutions and Regulations","ARTICLE 6 Miscellaneous Loans"],"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":"ee08ce1657f616a2e10720d1590cdb53bd463f67b1da5d7a837b1b94abf7272f","source_id":"us-nm","stale":false,"prev":"us-nm/58-6-4","next":"us-nm/58-7-1"},"notice":"GroundRules: Original legal text. Not legal advice."}