New Mexico Statutes 58-33-11.1. Board and state not guarantors
Current as of: 2023 | Check for updates
|
Other versions
The board, each board member and the state shall not guarantee any rate of return or interest rate on any contribution made by a New Mexico work and save IRA program participant or New Mexico retirement plan marketplace participant.
Terms Used In New Mexico Statutes 58-33-11.1
- Interest rate: The amount paid by a borrower to a lender in exchange for the use of the lender's money for a certain period of time. Interest is paid on loans or on debt instruments, such as notes or bonds, either at regular intervals or as part of a lump sum payment when the issue matures. Source: OCC