New Mexico Statutes 58-32-1002. Rules
The director may promulgate rules to administer and enforce the Uniform Money Services Act, including rules necessary or appropriate to:
Terms Used In New Mexico Statutes 58-32-1002
- Equitable: Pertaining to civil suits in "equity" rather than in "law." In English legal history, the courts of "law" could order the payment of damages and could afford no other remedy. See damages. A separate court of "equity" could order someone to do something or to cease to do something. See, e.g., injunction. In American jurisprudence, the federal courts have both legal and equitable power, but the distinction is still an important one. For example, a trial by jury is normally available in "law" cases but not in "equity" cases. Source: U.S. Courts
A. implement and clarify the Uniform Money Services Act;
B. preserve and protect the safety and soundness of money services businesses; C. protect the interests of purchasers of money services and of the public;
D. protect against drug trafficking, terrorist funding and money laundering, structuring or a related financial crime; and
E. recover the cost of administering and enforcing the Uniform Money Services Act and other applicable law by imposing and collecting proportionate and equitable fees and costs for notices, applications, examinations, investigations and other actions required to achieve the purposes of that act.