Statutes > New Mexico Statutes > Chapter 56 - Commercial Instruments and Transactions. > Article 1 - Retail Installment Sales, 56-1-1 through 56-1-16. > Section 56-1-15 - Creditor compliance with federal regulations deemed compliance with this act.

Section 56-1-15 - Creditor compliance with federal regulations deemed compliance with this act.

56-1-15. Creditor compliance with federal regulations deemed compliance with this act.

Any creditor engaging in transactions subject to the provisions of this act, who complies with 15 United States Code, [§§] 1601 through 1665, and the regulations promulgated pursuant thereto, shall be deemed to have complied with applicable provisions of this act.