New Mexico Statutes 61-18A-13. Denial of applications
Current as of: 2023 | Check for updates
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The director may deny any license:
Terms Used In New Mexico Statutes 61-18A-13
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
- Trustee: A person or institution holding and administering property in trust.
A. if the applicant has ever had a license or its equivalent revoked;
B. if the applicant is or was a partner, officer, director, trustee, manager or stockholder of any partnership, corporation or unincorporated association the license of which has been revoked;
C. if the applicant or a partner, officer, director, trustee, stockholder or employee of the applicant has been convicted of a felony or any crime involving moral turpitude; or
D. if the applicant has violated any provision of the Collection Agency Regulatory Act or rules and regulations established thereunder.