A mortgage loan originator shall submit to the nationwide multistate licensing system and registry reports of condition, which shall be in such form and shall contain such information as the nationwide multistate licensing system and registry may require.
History: Laws 2009, ch. 122, § 22; 2019, ch. 144, § 15.
The 2019 amendment, effective July 1, 2019, replaced "nationwide mortgage licensing system and registry" with "nationwide multistate licensing system and registry"; and after each occurrence of "nationwide", deleted "mortgage" and added "multistate".
Severability. — Laws 2009, ch. 122, § 60 provided that if any part or application of this act is held invalid, the remainder or its application to other situations or persons shall not be affected.
Structure New Mexico Statutes
Chapter 58 - Financial Institutions and Regulations
Article 21B - New Mexico Mortgage Loan Originator Licensing
Section 58-21B-1 - Short title.
Section 58-21B-2 - Findings; purpose.
Section 58-21B-3 - Definitions.
Section 58-21B-4 - License and registration required to originate mortgage loans.
Section 58-21B-5 - State license and registration application and issuance.
Section 58-21B-6 - Issuance of license.
Section 58-21B-7 - Pre-licensing education of mortgage loan originators.
Section 58-21B-8 - Testing of mortgage loan originators.
Section 58-21B-9 - Standards for license renewal.
Section 58-21B-10 - Continuing education for mortgage loan originators.
Section 58-21B-11 - Authority to require license and to set fees.
Section 58-21B-13 - Enforcement; violations; penalties.
Section 58-21B-14 - Notice of contemplated action; hearings.
Section 58-21B-15 - Power of the court to grant relief.
Section 58-21B-16 - Unlicensed activity.
Section 58-21B-17 - Surety bond required.
Section 58-21B-18 - Confidentiality.
Section 58-21B-19 - Powers and duties of director.
Section 58-21B-20 - Mortgage loan originator duties.
Section 58-21B-21 - Private right of action; damages; enforcement by attorney general.
Section 58-21B-22 - Mortgage call reports.
Section 58-21B-23 - Report to nationwide multistate licensing system and registry.