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Tag: New Mexico Fair Lending Coalition

NMPR
Posted inNM Legislature

Latest attempt to cap storefront loans clears committee

by Santa Fe New Mexican February 25, 2017

luInterest rates for many small storefront loans in New Mexico would be capped at 175 percent and required to have a term of at least four months under a bill that got a unanimous recommendation from a House committee Friday. The House Business and Industry Committee gave a positive recommendation to House Bill 347, sponsored […]

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