Statutes > New Mexico Statutes > Chapter 30 - Criminal Offenses. > Article 43 - Loan Sharking, 30-43-1 through 30-43-5. > Section 30-43-4 - Financing extortionate extensions of credit.

Section 30-43-4 - Financing extortionate extensions of credit.

30-43-4. Financing extortionate extensions of credit.

A person who knowingly advances money or property, whether as a gift, loan or investment, to any person with reasonable grounds to believe that it is the intention of that person to use the money or property so advanced, directly or indirectly, for the purpose of making extortionate extensions of credit is guilty of a third degree felony.