NMSA 73-13-11. Limitation on term of loan; interest; renewal of loan — United States — New Mexico law | Esheria

NMSA 73-13-11. Limitation on term of loan; interest; renewal of loan

Loans under this section cannot run longer than 20 years, interest cannot exceed 7% per year, and district obligations cannot be sold below 90 cents on the dollar.

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Jurisdiction
United States — New Mexico
Instrument
Act or statute
Version
Undated source snapshot
Language
en
Updated
Official source
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debt financing interest renewal

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