There is a newer version of the New Mexico Statutes
2013 New Mexico Statutes
Chapter 56 - Commercial Instruments and Transactions
Article 12 - Pawnbrokers
Section 56-12-12 - Record of disposition of pledged property. (1985)
NM Stat § 56-12-12 (2013) What's This?
56-12-12. Record of disposition of pledged property. (1985)
Every pawnbroker shall keep a permanent record, fully itemized, of all pledged property disposed of following default by the pledgor. The record shall include the following:
A. the number of the pawn transaction;
B. the name and address of the pledgor;
C. the date of the pawn transaction and the date of the last payment received as service charge or on principal;
D. the date of disposition of the pledged property pursuant to Section 11 [56-12-11 NMSA 1978] of the Pawnbrokers Act;
E. the method of disposition of the pledged property; and
F. the amount and disposition of any surplus following disposition of the pledged property.
History: Laws 1985, ch. 228, § 12.
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