2011 New Mexico Statutes
Chapter 58: Financial Institutions and Regulations
Article 1A: Consumer Credit Banks, 58-1A-1 through 58-1A-8
Section 58-1A-7: Supervision fees.
58-1A-7. Supervision fees.
A. Each consumer credit bank shall annually pay to the director a supervision fee, calculated on the basis of total assets as of December 31 of the immediately previous year:
Total assets (000): Assessment: Over But not This Plus Of excess over amount over (000) 0 200,000 7,500 0.0000250 100,000 200,000 500,000 10,000 0.0006667 200,000 500,000 1,000,000 30,000 0.0000500 500,000 1,000,000 2,000,000 55,000 0.0000400 1,000,000 2,000,000 95,000 0.0000300 2,000,000
B. The fee shall be paid on or before March 1 of each year. For failure to pay the supervisor fee when due unless excused for cause by the director, the consumer credit bank shall pay to the financial institutions division of the regulation and licensing department one hundred dollars ($100) for each day of delinquency.
C. The director shall examine the condition of the consumer credit bank. A report of examination shall be sent to the board of directors of the consumer credit bank.
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