2006 New Mexico Statutes - Section 59A-51-16 — Administrative fine in lieu.

59A-51-16. Administrative fine in lieu.

A.     The superintendent may, in his discretion, in lieu of license suspension, revocation or refusal, and except on a second offense, impose upon the licensee an administrative penalty of one hundred dollars ($100), or, if the superintendent has found wilful misconduct or wilful violation on the part of the licensee, an administrative penalty of five hundred dollars ($500).   

B.     The superintendent may allow the licensee a reasonable period, not to exceed thirty (30) days, within which to pay to superintendent the amount of the penalty so imposed. If the licensee fails to pay the penalty in its entirety to the superintendent within the period so allowed, the license of the licensee shall stand suspended or revoked, or continuation refused, as the case may be, upon expiration of such period and without any further proceedings.