The director may enter into a consent order at any time with a person to resolve a matter arising pursuant to the Uniform Money Services Act or a rule adopted or order issued pursuant to that act. A consent order shall be signed by the person to whom it is issued or by the person's authorized representative and shall indicate agreement with the terms contained in the order. A consent order may provide that it does not constitute an admission by a person that the Uniform Money Services Act or a rule adopted or an order issued pursuant to that act has been violated.
History: Laws 2016, ch. 88, § 804.
Effective dates. — Laws 2016, ch. 88, § 1007 makes Laws 2016, ch. 88 effective January 1, 2017.
Structure New Mexico Statutes
Chapter 58 - Financial Institutions and Regulations
Article 32 - Uniform Money Services
Section 58-32-801 - Suspension and revocation; receivership.
Section 58-32-802 - Suspension and revocation of authorized delegates.
Section 58-32-803 - Orders to cease and desist.
Section 58-32-804 - Consent orders.
Section 58-32-805 - Emergency orders.
Section 58-32-806 - Civil penalties.