Regulatory Alerts2023-02-17
Regulatory Guidance on Licensing Requirement Determination Requests
The New Mexico Financial Institutions Division has discontinued its practice of issuing informal opinions or no-action letters regarding licensing requirements. This policy change mandates that all inquiries about licensure must be submitted through the formal statutory application process, which includes the payment of a non-refundable fee. The directive aims to conserve agency resources and ensure that businesses utilizing regulatory services contribute to the costs as prescribed by the legislature.
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