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Section 56-1-13 - Contracts executed prior to act.

NM Stat § 56-1-13 (2019) (N/A)
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The provisions of this act [56-1-1 to 56-1-13 NMSA 1978] shall not invalidate or make unlawful retail installment contracts or retail charge agreements executed prior to the effective date hereof.

History: 1953 Comp., § 50-16-13, enacted by Laws 1965, ch. 258, § 13.

Compiler's notes. — The phrase "effective date hereof" at the end of the section refers to the effective date of Laws 1965, ch. 258, which was May 19, 1965.

Severability. — Laws 1965, ch. 258, § 14, provided for the severability of the act if any part or application thereof is held invalid.

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Section 56-1-14 - Open-end retail charge agreements; application of payments; prohibition against repossession of merchandise under agreement when paid for.