Any licensee or any person aggrieved by any act or order of the director pursuant to the New Mexico Small Loan Act of 1995 may file and appeal in the district court pursuant to the provisions of Section 39-3-1.1 NMSA 1978.
History: 1953 Comp., § 48-17-52, enacted by Laws 1955, ch. 128, § 23; 1977, ch. 245, § 74; 1998, ch. 55, § 57; 1999, ch. 265, § 61.
ANNOTATIONSThe 1999 amendment, effective July 1, 1999, substituted "Section 39-3-1.1" for "Section 12-8A-1".
The 1998 amendment, effective September 1, 1998, rewrote this section.
Scope. — While this section appears to be a departure from the general rule requiring a reviewing court either to affirm an administrative decision or to find it unreasonable and arbitrary and set it aside, it does not change, in any sense, the scope of review of administrative decisions previously established in New Mexico. S.I.C. Finance-Loans of Menaul, Inc. v. Upton, 1966-NMSC-012, 75 N.M. 780, 411 P.2d 755.