New Mexico Statutes 61-18A-16. Information to be included in collection agency license
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The license when issued shall state:
Terms Used In New Mexico Statutes 61-18A-16
- 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.
A. that it is issued pursuant to the Collection Agency Regulatory Act and the rules and regulations established thereunder and that the licensee is duly authorized to conduct business under the Collection Agency Regulatory Act;
B. the names of the owners of the licensee, if a sole proprietorship or partnership;
and if a corporation, the name shall be followed by the words “a corporation”; C. the name under which the licensee is to operate;
D. the location by street number, city, county and state where the licensee is to conduct business; and
E. the number and the date of the license.