2023-05-10
The New Mexico Financial Institutions Division provides a comprehensive index of the statutes and administrative rules governing its regulatory oversight of various financial sectors. The document lists specific legal codes for banking, credit unions, mortgage lending, money services, and collection agencies, directing users to the NMOneSource.com website for full text. This resource serves as a navigational guide for industry participants and the public to locate the applicable laws and regulations effective as of May 10, 2023.
Financial Institutions Division | 2550 Cerrillos Road | P.O. Box 25101 Santa Fe, NM 87504 | (505) 476-4885 | www.rld.nm.gov STATE OF NEW MEXICO MICHELLE LUJAN GRISHAM, GOVERNOR Linda M. Trujillo, Superintendent Mark Sadowski, Director Financial Institutions Division Related Statutes and Rules Statutes related to the Financial Institutions Division’s oversight of industry may be located on the New Mexico Compilation Commission’s NMOneSource.com website. The following topical areas are covered: Banking Act – Section 58-1-1 through 58-1-85 NMSA 1978 Consumer Credit Bank Act – Section 58-1A-1 through 58-1A-8 NMSA 1978 Interstate Bank Acquisition Act – Section 58-1B-1 through 58-1B-11 NMSA 1978 Interstate Bank Branching Act – Section 58-1C-1 through 58-1C-13 NMSA 1978 Insurance of Bank Deposits – Section 58-2-1 through 58-2-8 NMSA 1978 Bank Accounts – Section 58-3-1 through 58-3-2 NMSA 1978 Merger and Consolidation of Banks – Section 58-4-1 through 58-4-13 NMSA 1978 Bank Organization and Management – Section 58-5-1 through 58-5-11 NMSA 1978 Miscellaneous Loans – Section 58-6-3 through 58-6-5 NMSA 1978 New Mexico Bank Installment Loan Act of 1959 – Section 58-7-1 through 58-7-11 NMSA 1978 National Housing Act Loans and Obligations – Section 58-8-1 through 58-8-3 NMSA 1978 Trust Company Act – Section 58-9-1 through 58-9-14 NMSA 1978 Savings and Loan Act – Section 58-10-1 through 58-10-111 NMSA 1978 Credit Union Act – Section 58-11-1 through 58-11-65 NMSA 1978 Credit Union Leasing of Safe Deposit Facilities – Section 58-11A-1 through 58-11A7 NMSA 1978 Credit Union Share Insurance Corporation Act – Section 58-12-1 through 58-12-15 NMSA 1978 New Mexico Small Loan Act of 1955 – Section 58-15-1 through 58-15-42 NMSA 1978 Remote Financial Service Unit Act – Section 58-16-1 through 58-16-17 NMSA 1978 Endowed Care Cemetery Act – Section 58-17-1 through 58-17-21 NMSA 1978 Motor Vehicle Sales Finance Act – Section 58-19-1 through 58-19-14 NMSA 1978 Mortgage Loan Company Act – Section 58-21-1 through 58-21-32 NMSA 1978 Home Loan Protection Act – Section 58-21A-1 through 58-21A-14 NMSA 1978
Financial Institutions Division | 2550 Cerrillos Road | P.O. Box 25101 Santa Fe, NM 87504 | (505) 476-4885 | www.rld.nm.gov New Mexico Mortgage Loan Originator Licensing Act - Section 58-21B-1 through 58-21B-24 NMSA 1978 Escrow Company Act – Section 58-22-1 through 58-22-33 NMSA 1978 Financial Institutions Employment References – Section 58-25-1 NMSA 1978 Interstate Depository Institutions Act – Section 58-26-1 through 58-26-8 NMSA 1978 Uniform Money Services Act – Section 58-32-1 through 58-32-10 NMSA 1978 Collection Agency Regulatory Act – Section 61-18A-1 through 61-18A-33 NMSA 1978 [please note that this also covers Repossessors] Rules related to the Financial Institutions Division’s oversight of industry may be located on the New Mexico Compilation Commission’s NMOneSource.com website. The following topical areas are covered: Financial Institution Sales of Annuities – 12.15.1 NMAC Disclosure Forms by Lenders and Creditors – 12.15.2 NMAC Home Loan Protection Act Rules – 12.15.3 – 12.15.8 NMAC Linked Deposit Program – 12.15.15 NMAC Banking Rules – 12.16.1 – 12.16.76 NMAC Credit Union Rules – 12.17.1 – 12.17.13 NMAC Loan Company Rules – 12.18.1 -12.18.11 NMAC Mortgage Lending Rules – 12.19.1 – 12.19.2 NMAC Savings and Loan Association Rules – 12.20.1 – 12.20.71 NMAC Collection Agency Rules – 12.24.1 – 12.24.2 - NMAC Escrow Company Rules – 12.25.1 – 12.25.2 NMAC Endowed Care Cemetery Rules – 12.26.1 – 12.26.9 NMAC Collection Agency Rules – 12.35 NMAC is reserved but not currently populated Date of last revision: 05/10/2023