New Mexico § 56-2-4 - Exemptions
Full text of New Mexico New Mexico Statutes Annotated § 56-2-4 — Exemptions, with citation guidance and answers to common questions.
§ 56-2-4. Exemptions
The following persons shall not be deemed debt adjusters for the purposes of this
act: any attorney-at-law admitted to practice in this state; any person who is a
regular, full-time employee of a debtor, and who acts as an adjuster of his employer's
debts; any person acting pursuant to any order or judgment of court, or pursuant
to authority conferred by any law of this state or of the United States; any person
who is a creditor of the debtor, or an agent of one (1) or more creditors of the debtor,
and whose service in adjusting the debtor's debts are rendered without cost to the
debtor; and any person who, at the request of a debtor, arranges for or makes a loan
to the debtor, and who, at the authorization of the debtor, acts as an adjuster of
the debtor's debts in the disbursement of the proceeds of the loan, without compensation
for the services rendered in adjusting such debts; nonprofit corporations organized
as a community effort to assist debtors.
Frequently Asked Questions About New Mexico § 56-2-4
What does New Mexico Statutes Annotated § 56-2-4 cover?
Section 56-2-4 ("Exemptions") is part of the New Mexico Statutes Annotated, the codified statutory law of New Mexico. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite New Mexico § 56-2-4?
A common citation format is "New Mexico Statutes Annotated § 56-2-4" (New Mexico). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of New Mexico law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the New Mexico official source linked on this page or consult a licensed New Mexico attorney.
How does New Mexico § 56-2-4 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in New Mexico can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in New Mexico.