brand New Mexico Gov. Susana Martinez is flanked by advocates as she covers opioid and heroin overdoses in Brand brand New Mexico throughout a bill ceremony that is signing a substance punishment therapy center in Albuquerque, N.M., on Thursday, April 6, 2017. Among other activities, the bill finalized by Martinez requires all state and regional police force officers become loaded with an overdose antidote kit. (Picture: Susan Montoya Bryan/AP)
SANTA FE вЂ” brand brand brand New Mexico is reining in high-interest loans through the storefront financing industry under a bill finalized by Gov. Susana Martinez.
Finalized on Thursday, the legislation efficiently eliminates loans that are payday meaning and caps rates of interest at 175 %. Tiny loans which have terms not as much as 120 times are prohibited.