Gary King says there are 17 of the payday loan company locations in New Mexico.
The refunds are because of federal Consumer Financial Protection Bureau actions against ACE. They say they push payday borrowers into a cycle of debt.
King's office says the CFPB found ACE collected debt illegally, including harassing customers and false threats of lawsuits.
ACE is required to pay $5 million in refunds and a $5 million penalty.
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