§ 61-18A-1 Short title
§ 61-18A-2 Definitions
§ 61-18A-3 Administration and enforcement
§ 61-18A-4 Rules; violations
§ 61-18A-5 Unlawful to conduct collection agency or engage in the business of a repossessor without license
§ 61-18A-6 Penalty for violations
§ 61-18A-7 Application for license
§ 61-18A-8 Applications; required information
§ 61-18A-9 Financial statement
§ 61-18A-10 Manager’s license and examination
§ 61-18A-11 Qualification of manager applicants
§ 61-18A-12 Approval of applications
§ 61-18A-13 Denial of applications
§ 61-18A-14 License to foreign corporation or partnership
§ 61-18A-15 Surety bond
§ 61-18A-16 Information to be included in collection agency license
§ 61-18A-17 Right granted by license
§ 61-18A-19 Change of location; ownership or name; duplicate license
§ 61-18A-20 Temporary license
§ 61-18A-21 Branch office
§ 61-18A-22 Office management; license
§ 61-18A-23 Loss of qualified person
§ 61-18A-25 Unauthorized practice as collection agency
§ 61-18A-26 Assignments; right to sue
§ 61-18A-27 Renewal of license; fee
§ 61-18A-28 Remittance of collections to clients
§ 61-18A-28.1 Additional collection from debtors
§ 61-18A-30 Fees
§ 61-18A-31 Deposit of money
§ 61-18A-32 Judicial review
§ 61-18A-33 Grandfather clause

Terms Used In New Mexico Statutes > Chapter 61 > Article 18 - Collection Agencies (Repealed.)

  • Affidavit: A written statement of facts confirmed by the oath of the party making it, before a notary or officer having authority to administer oaths.
  • Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
  • Attorney-at-law: A person who is legally qualified and licensed to practice law, and to represent and act for clients in legal proceedings.
  • 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.
  • Escrow: Money given to a third party to be held for payment until certain conditions are met.
  • Fiduciary: A trustee, executor, or administrator.
  • Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
  • Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
  • Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
  • Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
  • 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.
  • Personal property: All property that is not real property.
  • Subpoena: A command to a witness to appear and give testimony.
  • Trustee: A person or institution holding and administering property in trust.