Division examination reports, financial information contained in licensee applications and renewal applications and information on investigations relating to violations of the Escrow Company Act that do not result or have not yet resulted in administrative, civil or criminal action:
A. are not public records subject to the Inspection of Public Records Act [Chapter 14, Article 2 NMSA 1978];
B. may be disclosed only with the consent of the director; and
C. are not subject to subpoena.
History: Laws 1983, ch. 135, § 19; 2015, ch. 135, § 7.
ANNOTATIONSThe 2015 amendment, effective July 1, 2015, provided that certain financial institutions division documents are not public records subject to the Inspection of Public Records Act; deleted the former catchline "Public inspection of applications" and added the new language; deleted the language in the section in its entirety, which related to certain escrow documents open to public inspection, and added a new introductory sentence and new Subsections A through C.
Temporary provisions. — Laws 2015, ch. 135, § 9 provided that an escrow company licensed pursuant to the Escrow Company Act that, prior to the effective date of Laws 2015, ch. 135, §§ 1 to 8 (July 1, 2015), was not required to file a surety or other bond with the director of the financial institutions division of the regulation and licensing department shall have until January 1, 2016 to comply with the provisions of Section 58-22-10 NMSA 1978.