New Mexico Statutes
Chapter 58 - Financial Institutions and Regulations
Article 21B - New Mexico Mortgage Loan Originator Licensing

Section 58-21B-1 - Short title. - Sections 1 through 24 [58-21B-1 to 58-21B-24 NMSA 1978] of...

Section 58-21B-2 - Findings; purpose. - A. The activities of mortgage loan originators and the origination...

Section 58-21B-3 - Definitions. - As used in the New Mexico Mortgage Loan Originator Licensing...

Section 58-21B-4 - License and registration required to originate mortgage loans. - A. Unless specifically exempted from the New Mexico Mortgage Loan...

Section 58-21B-5 - State license and registration application and issuance. - A. Applicants for a license shall apply in a form...

Section 58-21B-6 - Issuance of license. - The director shall not issue a mortgage loan originator license...

Section 58-21B-7 - Pre-licensing education of mortgage loan originators. - A. In order to meet the pre-licensing education requirement referred...

Section 58-21B-8 - Testing of mortgage loan originators. - A. In order to meet the written test requirement referred...

Section 58-21B-9 - Standards for license renewal. - A. The minimum standards for license renewal for mortgage loan...

Section 58-21B-10 - Continuing education for mortgage loan originators. - A. In order to meet the annual continuing education requirements...

Section 58-21B-11 - Authority to require license and to set fees. - A. In addition to any other duties imposed upon the...

Section 58-21B-12 - Nationwide multistate licensing system and registry information challenge process. - The director shall establish rules whereby mortgage loan originators may...

Section 58-21B-13 - Enforcement; violations; penalties. - A. In order to ensure the effective supervision and enforcement...

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

Section 58-21B-15 - Power of the court to grant relief. - A. Upon a showing by the director that a person...

Section 58-21B-16 - Unlicensed activity. - A. An individual who acts as a mortgage loan originator...

Section 58-21B-17 - Surety bond required. - A. Each mortgage loan originator shall be covered by a...

Section 58-21B-18 - Confidentiality. - In order to promote more effective regulation and reduce regulatory...

Section 58-21B-19 - Powers and duties of director. - A. The director shall exercise general supervision and control over...

Section 58-21B-20 - Mortgage loan originator duties. - A. A mortgage loan originator shall, enter into a fiduciary...

Section 58-21B-21 - Private right of action; damages; enforcement by attorney general. - A. Any person who has suffered injury by reason of...

Section 58-21B-22 - Mortgage call reports. - A mortgage loan originator shall submit to the nationwide multistate...

Section 58-21B-23 - Report to nationwide multistate licensing system and registry. - Subject to state privacy laws, the director shall report regularly...

Section 58-21B-24 - Unique identifier shown. - The unique identifier of any person originating a residential mortgage...