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2011 New Mexico Statutes
Chapter 58: Financial Institutions and Regulations
Article 21: Mortgage Loan Companies and Loan Brokers, 58-21-1 through 58-21-32
Section 58-21-3: License required; qualified manager.


NM Stat § 58-21-3 (1996 through 1st Sess 50th Legis) What's This?

58-21-30. Unlicensed activity.

A. A person that violates Subsection A of Section 58-21-3 NMSA 1978 for the first offense is guilty of a misdemeanor and upon conviction shall be sentenced pursuant to the provisions of Section 31-19-1 NMSA 1978.

B. In the case of a first conviction pursuant to Subsection A of this section, the court may impose a deferred sentence pursuant to the provisions of Section 31-20-6 NMSA 1978.

C. A person that violates Subsection A of Section 58-21-3 NMSA 1978 for a second or subsequent offense is guilty of a fourth degree felony and upon conviction shall be sentenced pursuant to the provisions of Section 31-18-15 NMSA 1978.

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