Legal Question in Credit and Debt Law in New Mexico

Hello I had got a title loan out and when I was signing the papers. I sign a paper stating I was not active milatary. Because of the law that passed that they cant charge more than 36%. when I asked the guy if it aplyed to a gaurd member he said no just sign it thats only if your active. I now found out that the law includes all members of any branch and also there familys. my question is can i fight them on the fees they are charging now and not pay anything over 36% on the money I borrowed?


Asked on 11/02/10, 10:38 am

1 Answer from Attorneys
Charles Aspinwall Charles S. Aspinwall, J.D., LLC

Sure. Sue them in small claims court. Metropolitan Court in Bernalillo County, Magistrate Court in all other NM counties. They provide the forms; no lawyers required, although they will not give you legal advice.

Read more
Answered on 11/27/10, 10:41 am


Related Questions & Answers

More Credit, Debt and Collections Law questions and answers in New Mexico