Regulation of consumer credit banks.

  1. Law
  2. New Mexico Statutes
  3. Financial Institutions and Regulations
  4. Consumer Credit Banks
  5. Regulation of consumer credit banks.

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A. A consumer credit bank organized under the laws of New Mexico shall be subject to the supervision, regulation and examination of the director.

B. The director shall adopt and promulgate rules and regulations implementing the provisions of the Consumer Credit Bank Act, including provisions for the formation and organization of a consumer credit bank.

History: Laws 1993, ch. 11, § 6; 1995, ch. 33, § 4.

ANNOTATIONS

The 1995 amendment, effective June 16, 1995, added the language beginning "including provisions" at the end of Subsection B.


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