New Mexico Statutes 58-7-2. Persons to whom act applicable
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This act [58-7-1 to 58-7-3, 58-7-5 to 58-7-9 N.M. Stat. Ann.] shall apply to any state or national bank located in and authorized to do business in the state, to any licensee as defined in the New Mexico Small Loan Act of 1955 [N.M. Stat. Ann. Chapter 58, Article 15] or to any sales finance company as defined in the Motor Vehicle Sales Finance Act and who hereafter makes a loan of money or credit, or forbearing or postponing [forbears or postpones] the right to receive money or credit in the state.
Terms Used In New Mexico Statutes 58-7-2
- National Bank: A bank that is subject to the supervision of the Comptroller of the Currency. The Office of the Comptroller of the Currency is a bureau of the U.S. Treasury Department. A national bank can be recognized because it must have "national" or "national association" in its name. Source: OCC