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Home passes bill loopholes that are closing little loans legislation

Home passes bill loopholes that are closing little loans legislation SANTA FE—The brand brand New Mexico House of Representatives passed a bill cleaning up state law that regulates storefront lenders today. HB 150 protects New Mexico borrowers and guarantees accountability and transparency into the storefront financing industry. “All New Mexicans deserve usage of reasonable and clear loans under reasonable terms, but unfortuitously, the current legislation has loopholes that fail to carry out of the legislature’s intent to safeguard borrowers, ”...

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