58-15-37. Payday advances; verification.
A. A licensee shall use a commercially reasonable method of verification to verify that the proposed loan agreement is permissible under the provisions of the New Mexico Small Loan Act of 1955 [58-15-31 NMSA 1978] before entering into a payday loan agreement with a consumer.
B. No later on than November 1, 2007, the manager shall approve this 1 or higher customer service that is reporting are commercially reasonable techniques of verification. „2009 brand brand New Mexico Statutes Chapter 58 – Financial Institutions and Regulations. Article 15 – Small Loan Business Section 58-15-37 – payday advances; verification.“ weiterlesen