New Mexico Statutes
Chapter 61 - Professional and Occupational Licenses
Article 18A - Collection Agencies

Section 61-18A-1 - Short title. - Chapter 61, Article 18A NMSA 1978 may be cited as...

Section 61-18A-2 - Definitions. - As used in the Collection Agency Regulatory Act: A. "division"...

Section 61-18A-3 - Administration and enforcement. - A. The administration and enforcement of the Collection Agency Regulatory...

Section 61-18A-4 - Rules and regulations; violations. - A. The director shall establish and enforce such rules and...

Section 61-18A-5 - Unlawful to conduct collection agency or engage in the business of a repossessor without license. - A. No person shall conduct within this state a collection...

Section 61-18A-6 - Penalty for violations. - A. In addition to any other penalty, any person or...

Section 61-18A-7 - Application for license. - A. Application for a collection agency license, repossessor's license or...

Section 61-18A-8 - Applications; required information. - A. The application for a collection agency license shall state,...

Section 61-18A-9 - Financial statement. - The application for a collection agency license shall be accompanied...

Section 61-18A-10 - Manager's license and examination. - A. An applicant for a manager's license shall be examined...

Section 61-18A-11 - Qualification of manager applicants. - The licensed manager to be actively in charge of a...

Section 61-18A-12 - Approval of applications. - No application for license shall be approved by the director...

Section 61-18A-13 - Denial of applications. - The director may deny any license: A. if the applicant...

Section 61-18A-14 - License to foreign corporation or partnership. - No collection agency license shall be issued to any foreign...

Section 61-18A-15 - Surety bond. - A. Prior to the issuance of any collection agency or...

Section 61-18A-16 - Information to be included in collection agency license. - The license when issued shall state: A. that it is...

Section 61-18A-17 - Right granted by license. - Upon receipt of the license, the licensee has the right...

Section 61-18A-18 - Repealed. - History: Laws 1987, ch. 252, § 18; repealed by Laws...

Section 61-18A-19 - Change of location; ownership or name; duplicate license. - A. Upon any change of street address from that stated...

Section 61-18A-20 - Temporary license. - For the purpose of winding up the affairs and discontinuance...

Section 61-18A-21 - Branch office. - Application for a license for a branch office or offices...

Section 61-18A-22 - Office management; license. - A. Every licensed office of a collection agency, whether a...

Section 61-18A-23 - Loss of qualified person. - Whenever a licensed manager ceases to be in charge of...

Section 61-18A-24 - Repealed. - Repeals. — Laws 1998, ch. 55, § 94 repealed 61-18A-24...

Section 61-18A-25 - Unauthorized practice as collection agency. - No person, who is not a duly licensed and qualified...

Section 61-18A-26 - Assignments; right to sue. - Nothing in the Collection Agency Regulatory Act shall be construed...

Section 61-18A-27 - Renewal of license; fee. - A. A licensee desiring renewal of the licensee's license shall,...

Section 61-18A-28 - Remittance of collections to clients. - All collection agencies shall remit to their clients the proceeds...

Section 61-18A-28.1 - Additional collection from debtors. - A. Unless the agreement between the debtor and the creditor...

Section 61-18A-29 - Repealed. - Repeals. — Laws 1993, ch. 213, § 4 repeals former...

Section 61-18A-30 - Fees. - Except as provided in Section 61-1-34 NMSA 1978, the director...

Section 61-18A-31 - Deposit of moneys in general fund. - All money received under the Collection Agency Regulatory Act by...

Section 61-18A-32 - Judicial review. - A person aggrieved by the decision of the director in...

Section 61-18A-33 - Grandfather clause. - Any person properly licensed pursuant to the Collection Agency Act...