You have asked when your The new Mexico Mortgage Coverage Operate (the newest Work), and this address predatory lending practices from the loan providers and also make user mortgages, pertains to government borrowing unions (FCUs). Our thoughts is that it laws is preempted because purports so you can restriction otherwise change the cost, regards to installment or other requirements of loans and you may outlines from borrowing one to FCUs may offer on their users. [Read more…]