2011 New Mexico Statutes
Chapter 58: Financial Institutions and Regulations
Article 10: Savings and Loan Associations, 58-10-1 through 58-10-111
Section 58-10-13: Refusal of charter application; appeal.
58-10-13. Refusal of charter application; appeal.
A. Whenever the supervisor is unable to make the findings required by Section 58-10-12 NMSA 1978, he shall serve upon each party of record and his attorney, if any, a written copy of his decision denying the application by certified mail to the party's address of record. All parties shall be deemed to have been served on the tenth day following the mailing. The decision shall include:
(1) findings of fact made by the supervisor;
(2) conclusions of law reached by the supervisor; and
(3) the decision of the supervisor based upon the findings of fact and conclusions of law.
B. Any party aggrieved by the decision of the supervisor may appeal the decision to the district court pursuant to the provisions of Section 39-3-1.1 NMSA 1978.
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