A. A licensee desiring renewal of the licensee's license shall, on or before November 30 of each year, file with the director an application for renewal on forms as may be designated by the director. The application shall be accompanied by the renewal fee.
B. The director shall issue a renewal license that shall be dated January 1 next ensuing and shall bear the date to and including which the license is renewed.
History: Laws 1987, ch. 252, § 27; 2019, ch. 144, § 30.
The 2019 amendment, effective July 1, 2019, revised the deadline for renewing a license required by the Collection Agency Regulatory Act, and provided that renewed licenses shall be dated "January 1"; added new subsection designations "A" and "B"; in Subsection A, after "on or before", deleted "May 31" and added "November 30"; and in Subsection B, after "dated", deleted "July 1" and added "January 1".
Structure New Mexico Statutes
Chapter 61 - Professional and Occupational Licenses
Article 18A - Collection Agencies
Section 61-18A-1 - Short title.
Section 61-18A-2 - Definitions.
Section 61-18A-3 - Administration and enforcement.
Section 61-18A-4 - Rules and regulations; violations.
Section 61-18A-6 - Penalty for violations.
Section 61-18A-7 - Application for license.
Section 61-18A-8 - Applications; required information.
Section 61-18A-9 - Financial statement.
Section 61-18A-10 - Manager's license and examination.
Section 61-18A-11 - Qualification of manager applicants.
Section 61-18A-12 - Approval of applications.
Section 61-18A-13 - Denial of applications.
Section 61-18A-14 - License to foreign corporation or partnership.
Section 61-18A-15 - Surety bond.
Section 61-18A-16 - Information to be included in collection agency license.
Section 61-18A-17 - Right granted by license.
Section 61-18A-19 - Change of location; ownership or name; duplicate license.
Section 61-18A-20 - Temporary license.
Section 61-18A-21 - Branch office.
Section 61-18A-22 - Office management; license.
Section 61-18A-23 - Loss of qualified person.
Section 61-18A-25 - Unauthorized practice as collection agency.
Section 61-18A-26 - Assignments; right to sue.
Section 61-18A-27 - Renewal of license; fee.
Section 61-18A-28 - Remittance of collections to clients.
Section 61-18A-28.1 - Additional collection from debtors.
Section 61-18A-31 - Deposit of moneys in general fund.