§ 56-1-1 Definitions
§ 56-1-2 Retail installment contracts; consolidation; first bought, first paid
§ 56-1-3 Retail charge agreements
§ 56-1-4 Insurance
§ 56-1-5 Prohibited provisions
§ 56-1-6 Assignment
§ 56-1-7 [Waiver.]
§ 56-1-8 Penalty for violation of act
§ 56-1-9 Violation; bar to recovery
§ 56-1-10 Injunction to prevent violation
§ 56-1-11 Consent to discontinuance
§ 56-1-12 Violation of injunction; penalty
§ 56-1-13 Contracts executed prior to act
§ 56-1-14 Open-end retail charge agreements; application of payments; prohibition against repossession of merchandise under agreement when paid for
§ 56-1-15 Creditor compliance with federal regulations deemed compliance with this act
§ 56-1-16 Variable rates

Terms Used In New Mexico Statutes > Chapter 56 > Article 1

  • Contract: A legal written agreement that becomes binding when signed.
  • Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
  • Injunction: An order of the court prohibiting (or compelling) the performance of a specific act to prevent irreparable damage or injury.
  • Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
  • Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
  • Lien: A claim against real or personal property in satisfaction of a debt.
  • Misdemeanor: Usually a petty offense, a less serious crime than a felony, punishable by less than a year of confinement.
  • Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
  • Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
  • Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
  • Personal property: All property that is not real property.
  • Power of attorney: A written instrument which authorizes one person to act as another's agent or attorney. The power of attorney may be for a definite, specific act, or it may be general in nature. The terms of the written power of attorney may specify when it will expire. If not, the power of attorney usually expires when the person granting it dies. Source: OCC
  • Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.