Facts & Statistics
| STATE STATISTICS | |
| Population 2020 | 2,106,319 |
| Population 2019 | 2,099,634 |
| Population 2018 | 2,095,428 |
| Population 2017 | 2,093,395 |
| Population 2016 | 2,092,789 |
| Below Poverty 2019 | 18.2 |
| Below Poverty 2018 | 16.6 |
| Below Poverty 2017 | 19.7 |
| Below Poverty 2016 | 19.8 |
| Employment – Population Ratio 2019 | 55.4 |
| Employment – Population Ratio 2018 | 54.7 |
| Employment – Population Ratio 2017 | 54.2 |
| Employment – Population Ratio 2016 | 53.7 |
| Unemployed 2020 | 8.2 |
| Unemployed 2019 | 5.1 |
| Unemployed 2018 | 4.9 |
| Unemployed 2017 | 5.9 |
| Unemployed 2016 | 6.6 |
| Foreclosure Rate 2018 | 1 of 1,980 |
| STATE FACTS |
|---|
| The Navajo, the Nation’s largest Native American tribe, have a reservation that covers 14 million acres. |
| White Sands National Monument is a desert, not of sand, but of gleaming white gypsum crystals. |
| Moon Rocks can be found at the International Space Hall of Fame that is located in Alamogordo. |
Government
| ELECTED OFFICIALS | |
| Governor | Michelle Lujan Grisham (D) |
| Lieutenant Governor | Howie Morales (D) |
| Attorney General | Raul Torrez (D) |
| Secretary of State | Maggie Toulouse Oliver (D) |
| State Senate Control | D – 27; R – 15 |
| State House Control | D – 45; R – 25 |
As of February 2023
Legislative Process
| LEGISLATIVE DATES AND DEADLINES | |
| Convenes | January 17, 2023 |
| Sine Die Adjournment | March 18, 2023 |
| Committee Action Deadlines | N/A |
| Crossover Deadline | None |
| Carryover from Previous Session | No |
| Governor’s Signing Deadline (in session) | 3 days, Sundays excepted |
| Governor’s Signing Deadline (after adjournment) | 20 days following adjournment, or legislation is pocket vetoed |
| Veto Override | 2/3 majority |
| Legislation Effective Date | 90 days after adjournment |
Notable Laws & Legislation
SAFE Act
- NM SB 342 (now N.M. Stat. Ann. c. 58, art. 21)
- HUD review of New Mexico’s SAFE Act
Small Loan Structure
- NM HB0347(June 2017)
Security Breach Notification Law
- 2017 H.B. 15, Chap. 36 (effective 6/16/2016)
Security Breach Notification Law
- 2017 H.B. 15, Chap. 36 (effective 6/16/2016)
36% All-In Rate Cap
- New Mexico HB 132
- New Mexico Bank Installment Loan Act N.M Stat. Ann. c. 58 art. 7
- New Mexico Small Loan Act N.M Stat. Ann. c. 58, art. 15
Enforcement
Consumer Complaints
Regulatory Actions
Featured Regulations
Regulatory Guidelines
Advocacy, Initiatives & Reports
AFSA Advocacy
- New Mexico Financial Institution Divisions Testimony re: Lending Rules (January 13, 2023)
- New Mexico Letter to Governor on HB 132 re: 36% All-In Rate Cap (March 3, 2022)
- New Mexico HB 132 Letter re: 36% All-In Rate Cap (January 26, 2022)
- New Mexico HB 99 Letter re: 36% Rate Cap (February 1, 2021)
- New Mexico SB 66 Letter re: All-In Rate Cap (February 1, 2021)
- New Mexico HB 149 Letter re: All-In Rate Cap (February 1, 2021)
- New Mexico Financial Institutions Division Letter re: Work From Home Authorization (July 23, 2020)
- New Mexico Financial Institutions Division Letter re: Curbside Services (May 7, 2020)
- New Mexico Letter to Governor re: Non-Bank Loan Servicing (April 7, 2020)
- New Mexico Letter to Governor re: Safe and Affordable Credit Access and Servicing during the Coronavirus Pandemic (April 6, 2020)
- New Mexico Proposed Amendments to Misrepresentation of Age and Condition of Motor Vehicles Rule (January 29, 2016)
- New Mexico HB 24 and HB 36 Thirty-Six Percent Rate Cap (January 30, 2015)
- New Mexico SJR 20 and HJR 10 Thirty-Six Percent Rate Cap (February 13, 2014)
- AFSA Joint Comment re NM revised rule for negotiating a sale (June 29, 2012)
Reports
Trade Associations
There are currently no partner industry associations in New Mexico
Political Geography
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