Causey at a glance
- Population: the Census estimates 68 residents, ranking 101st of 105 places in New Mexico (Vintage 2023).
- 2020 Census base: 69 residents (US Census Bureau, 2020 Census).
- 2020 to 2023 change: population fell about 1.4% (US Census Bureau Vintage 2023 estimate vs 2020 Census).
- Rank among New Mexico places: 101st-largest of 105 (US Census Bureau, Vintage 2023 estimate).
- Size percentile: roughly 4% of New Mexico's places have fewer residents (US Census Bureau).
- Coordinates: 33.8667, -103.1252 (Census Gazetteer, US Census Bureau).
- Nearest larger cities: Dora, NM (13 mi); Morton, TX (23 mi); Portales, NM (25 mi); Elida, NM (31 mi); Muleshoe, TX (34 mi) — straight-line distances, US Census Bureau populations.
- Nearest smaller communities: House, NM (70 mi); Los Ybanez, TX (106 mi), each a US Census place.
What a personal loan costs in Causey
With an installment loan the payment is fixed for the life of the loan, so the schedule is predictable from the first month to the last.
Compare every quote on APR because it includes the fees the interest rate hides, and check the payment with our personal loan calculator.
Because interest accrues for longer, a longer term means a lower installment and a higher total cost — decide which matters more to you.
Set the loan amount from the expense itself rather than the maximum you are approved for, and keep the payment within your existing budget.
New Mexico lending rules that apply in Causey
The table lists the New Mexico rules that apply to a loan made in Causey, each with the regulator that published it.
| Rule | Detail | Source |
|---|---|---|
| Small loan company licensing/regulation | Small loan companies are a regulated institution category of the Financial Institutions Division Source says: "Small Loan Companies" | New Mexico Regulation and Licensing Department, Financial Institutions Division as of 2026-09-16 |
| Maximum legal interest rate (usury cap) | 15% annually absent a written contract fixing a different rate (NMSA 1978, 56-8-3) Source says: "The rate of interest, in the absence of a written contract fixing a different rate, shall be not more than fifteen percent annually" | New Mexico Compilation Commission (NMOneSource, official NMSA) as of 2026-09-16 |
| Payday lending status | Payday-style small loans capped at 36% APR (HB 132 of 2022; effective January 1, 2023; cap rises only if prime rate exceeds 10% for three consecutive months) Source says: "a permitted annual percentage rate greater than thirty-six percent, calculated pursuant to 12 CFR Part 1026" | New Mexico Legislature as of 2026-09-16 |
| Small-loan / installment lender licensing | Lenders making Bank Installment Loan Act loans (other than federally insured depositories) must be licensed under the Small Loan Act (2022 requirement) Source says: "a new requirement for lenders making loans under the BILA (other than a federally insured depository institution) to be licensed under the SLA" | New Mexico Legislature (Legislative Finance Committee fiscal impact report) as of 2026-09-16 |
| State lending regulator | New Mexico Financial Institutions Division (FID), Regulation and Licensing Department Source says: "We regulate a variety of financial institutions operating in New Mexico including:" | New Mexico Regulation and Licensing Department, Financial Institutions Division as of 2026-09-16 |
How to compare offers in Causey
Before you commit to a personal loan in Causey, work through these steps:
- Pull your free credit reports and dispute any error — it is the cheapest way to improve the rate you are offered.
- Run your figures through the personal loan calculator on this site so you know the payment before a lender quotes one.
- Pre-qualify with at least three lenders and compare the APR, not the interest rate.
- Check that the lender is licensed in New Mexico using the regulator named above.
- Read the disclosure for origination fees and any prepayment penalty before you sign.