2011 New Mexico Statutes
Chapter 58: Financial Institutions and Regulations
Article 16: Remote Financial Service Units, 58-16-1 through 58-16-18
Section 58-16-11: Restrictions on owning, leasing and operating.
58-16-11. Restrictions on owning, leasing and operating.
A. Notwithstanding any provision to the contrary in the Remote Financial Service Unit Act [58-16-1 NMSA 1978], no ATM shall be owned or leased by a person other than an in-state financial institution.
B. Notwithstanding any provision to the contrary in the Remote Financial Service Unit Act, no POS terminal shall be operated by any person other than a merchant or an in-state financial institution.
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