New Mexico Statutes
Chapter 58 - Financial Institutions and Regulations
Article 21 - Mortgage Loan Companies

Section 58-21-1 - Short title. - Chapter 58, Article 21 NMSA 1978 may be cited as...

Section 58-21-2 - Definitions. - As used in the Mortgage Loan Company Act: A. "affiliate"...

Section 58-21-3 - License required; qualified manager. - A. It is unlawful for any person to transact business...

Section 58-21-4 - Application for license or renewal. - Each application for a license or license renewal as a...

Section 58-21-5 - License fees; duration of license. - A. A license shall expire on December 31 each year....

Section 58-21-6 - Persons exempt from licensing. - The following persons shall be exempt from all provisions of...

Section 58-21-7 - Surety bond. - A. Each mortgage loan company shall post and maintain with...

Section 58-21-8 - Violations. - The director may deny, suspend or revoke any license or...

Section 58-21-9 - Powers and duties of director. - A. The director shall exercise general supervision and control over...

Section 58-21-10 - Subpoenas, oaths and examination of witnesses; penalties. - A. In the conduct of any examination, investigation or hearing,...

Section 58-21-11 - Keeping of records. - Every mortgage loan company and loan broker shall make and...

Section 58-21-12 - Examination of records. - All the records required to be maintained by the Mortgage...

Section 58-21-13 - Public inspection of applications. - Applications for licensing or a license renewal and all papers,...

Section 58-21-14 - Notice of contemplated action; hearings. - A. When the director contemplates taking any action specified in...

Section 58-21-15 - Investigations by director. - A. The director may make any public or private investigation,...

Section 58-21-16 - Review of order of director. - A. Any person aggrieved by a final order of the...

Section 58-21-17 - Escrow services. - Any licensee under the Mortgage Loan Company Act who also...

Section 58-21-18 - Permissible charges. - In connection with any loan originated, brokered, negotiated or made...

Section 58-21-19 - Compliance with federal and state law. - In connection with any loan originated, brokered, negotiated or made...

Section 58-21-20 - False statement unlawful. - It is unlawful for any person to make or cause...

Section 58-21-21 - Fraud unlawful. - It is unlawful for any mortgage loan company in connection...

Section 58-21-22 - Penalties. - A person who violates Section 58-21-18, 58-21-19, 58-21-20 or 58-21-21...

Section 58-21-23 - Filing and destruction of documents. - A document is filed when it is received by the...

Section 58-21-23.1 - Repealed. - History: Laws 2005, ch. 191, § 2; repealed by Laws...

Section 58-21-23.2 - Funding of real estate transactions; enforcement. - A. Unless the net loan funds necessary to complete a...

Section 58-21-24 - Repealed. - Repeals. — Laws 2001, ch. 251, § 17 and Laws...

Section 58-21-25 - No impairment of other remedies. - The Mortgage Loan Company Act is not intended to impair...

Section 58-21-26 - Exemption from authority of superintendent of regulation and licensing. - The responsibilities and authority of the director under the Mortgage...

Section 58-21-27 - Repealed. - Repeals. — Laws 2001, ch. 251, § 17 and Laws...

Section 58-21-28 - Enforcement. - A. In order to ensure the effective supervision and enforcement...

Section 58-21-29 - Power of court to grant relief. - A. Upon a showing by the director that a person...

Section 58-21-30 - Unlicensed activity. - A. A person that violates Subsection A of Section 58-21-3...

Section 58-21-31 - Licensee required disclosures. - A mortgage loan company shall, in addition to other disclosures...

Section 58-21-32 - Mortgage call reports. - Each licensee shall submit to the nationwide multistate licensing system...