Keeping of records.

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Every mortgage loan company and loan broker shall make and keep those accounts, correspondence, memoranda, papers, books, data and other records as the director by rule prescribes. All records so required shall be preserved for six years.

History: Laws 1983, ch. 86, § 11; 2001, ch. 251, § 8; 2001, ch. 264, § 8.

ANNOTATIONS

2001 amendments. — Identical amendments to this section were enacted by Laws 2001, ch 251, § 8 and Laws 2001, ch. 264, § 8, both effective July 1, 2001, deleting "and filing of reports" from the section heading; and deleting the last two sentences, which provided for the filing of financial reports and the correction of those reports if necessary. The section is set out as amended by Laws 2001, ch. 264, § 8. See 12-1-8 NMSA 1978.


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