New Mexico Statutes > Chapter 57 > Article 27 – Assistive Device Lemon Law
Current as of: 2023 | Check for updates
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| § 57-27-1 | Short title |
| § 57-27-2 | Definitions |
| § 57-27-3 | Obligations and interests |
| § 57-27-4 | Attorney general rules; arbitration |
| § 57-27-5 | Consumer rights; actions; treble damages |
Terms Used In New Mexico Statutes > Chapter 57 > Article 27 - Assistive Device Lemon Law
- Damages: Money paid by defendants to successful plaintiffs in civil cases to compensate the plaintiffs for their injuries.
- Finance charge: The total cost of credit a customer must pay on a consumer loan, including interest. The Truth in Lending Act requires disclosure of the finance charge. Source: OCC
- 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
- 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.