AREA 7. Section 58-15-9 NMSA 1978 (being Laws 1955, Chapter 128, Section 9, as amended) is amended to see:
“58-15-9. STUDY OF LICENSEE’S BOOKS AND RECORDS–WITNESSES.–
A. At least one time every year, the manager or the director’s authorized representative shall make a study of the spot of company of each and every licensee additionally the loans, deals, publications, documents and records of this licensee insofar while they relate towards the company licensed beneath the brand new Mexico Small Loan Act of 1955 due to the fact manager may deem necessary. The licensee shall spend towards the manager for such annual assessment a cost of 200 dollars ($200).
B. The director shall mail to the licensee a copy of the report of the examination, together with any comments, exceptions, objections or criticisms of the director concerning the conduct of the licensee and the operation no credit check payday loans online in Arizona of the licensed workplace inside a reasonable time following the conclusion of a study of a licensed workplace. Continue reading “Installment loans guidelines. 50th legislature – STATE OF NEW MEXICO – second session”