Brand brand New Mexico reins in pay day loans. A bill to spur the installing of solar energy panels on brand brand New Mexico state buildings was vetoed.

Brand brand New Mexico reins in pay day loans. A bill to spur the installing of solar energy panels on brand brand New Mexico state buildings was vetoed.

brand 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 signing ceremony at a drug abuse therapy center in Albuquerque, N.M., on Thursday, April 6, 2017. The bill signed by Martinez requires all state and local law enforcement officers to be equipped with an overdose antidote kit among other things. (Picture: Susan Montoya Bryan/AP)

SANTA FE — brand New Mexico is reining in high-interest loans through the storefront financing industry under a bill signed by Gov. Susana installment loans in Indiana Martinez.

Signed on Thursday, the legislation effortlessly eliminates loans that are payday meaning and caps interest levels at 175 per cent.