New Mexico Statutes
Article 18A - Collection Agencies
Section 61-18A-11 - Qualification of manager applicants.

The licensed manager to be actively in charge of a collection agency shall:
A. have reached the age of majority;
B. not have been convicted of a felony or crime involving moral turpitude;
C. be a graduate of a high school or provide proof to the director that the licensed manager is possessed of the equivalent of a high school education;
D. pass the examination required;
E. pay the examination fee to the director;
F. have been actively and continuously engaged or employed in the collection of accounts receivable for at least two of the five years next preceding the filing of the application; and
G. have a good credit record.
History: Laws 1987, ch. 252, § 11; 1999, ch. 272, § 30; 2021, ch. 70, § 10.
The 2021 amendment, effective June 18, 2021, removed United States citizenship as a qualification for a licensed manager of a collection agency; and deleted former Subsection A and redesignated the succeeding subsections accordingly.
The 1999 amendment, effective June 18, 1999, deleted former Subsection D, which read "have been a bona fide resident of this state continuously for at least six months prior to the date of the filing of the application", and redesignated the subsequent subsections accordingly.

Structure New Mexico Statutes