Nothing herein contained shall be so construed as to impair or affect the obligation of any contract of loan between any licensee, under Chapter 174, New Mexico Session Laws of 1947 (Article 17, Chapter 48, New Mexico Statutes Annotated 1953), and any borrower, which was lawfully entered into prior to the effective date of this act. History: 1953 Comp., § 48-17-55, enacted by Laws 1955, ch. 128, § 26. Compiler's notes. — For meaning of "this act", see notes following 58-15-1 NMSA 1978. Laws 1947, ch. 174, referred to in this section, were repealed by Laws 1955, ch. 128, § 30.
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