Sen. Bill Soules, D-Las Cruces, responses concerns during a Senate flooring session Tuesday about their bill to lessen the interest that is annual limit on New Mexico tiny loans. The legislation, Senate Bill 66, passed the Senate via a 25-14 vote. (Eddie Moore/Journal)
SANTA FE — A renewed try to reduce brand brand New Mexico’s small-loan interest price cap — to 36% from 175% — is headed towards the state home after being qualified by the Senate on Tuesday. Continue reading “Senate approves bill NM loan interest rate that is lowering limit. >The Senate voted 25-14 to pass through the attention price limit, Senate Bill 66, after almost two hours of pointed debate.”