New Mexico Administrative Code
Title 12 - TRADE, COMMERCE AND BANKING
Chapter 15 - FINANCIAL INSTITUTIONS - GENERAL
Part 2 - APPROVAL OF FORMS FOR DISCLOSURE OF INFORMATION BY LENDERS AND CREDITORS
Section 12.15.2.6 - OBJECTIVE
Universal Citation: 12 NM Admin Code 12.15.2.6
Current through Register Vol. 35, No. 18, September 24, 2024
The objective of this part is to establish uniform disclosures, for all lenders supervised by the financial institutions division which represent the major portion of the credit granting industry in this state, in order to reduce the administrative burden upon the financial institutions division insofar as possible in reviewing forms for approval and, more importantly, to standardize disclosures to better protect the public through a greater understanding of the disclosure requirements.
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