A. A licensee shall file with the director a record signed under penalty of perjury that shall be in a form and in a medium prescribed by the director and that shall contain any material change in information provided in the licensee's application or the information provided by the licensee to the nationwide multistate licensing system and registry. The record shall be filed within fifteen business days after the licensee has reason to know of the change.
B. A licensee shall file with the director within forty-five days after the end of each fiscal quarter a record signed under penalty of perjury that shall be in a form and in a medium prescribed by the director and that shall contain a current list of all authorized delegates and locations in New Mexico where the licensee or an authorized delegate of the licensee provides money services, including limited stations and mobile locations. The licensee shall state the name and street address of each location and authorized delegate.
C. A licensee shall file a report with the director within one business day after the licensee has reason to know of the occurrence of any of the following events:
(1) the filing of a petition by or against the licensee pursuant to the United States Bankruptcy Code for bankruptcy or reorganization;
(2) the filing of a petition by or against the licensee for receivership, the commencement of any other judicial or administrative proceeding for its dissolution or reorganization or the making of a general assignment for the benefit of its creditors;
(3) the commencement of a proceeding to revoke or suspend its license in a state or country in which the licensee engages in business or is licensed;
(4) the cancellation or other impairment of the licensee's bond or other security;
(5) a charge or conviction of the licensee or of an executive officer, manager, director or person in control of the licensee for a felony; or
(6) a charge or conviction of an authorized delegate for a felony.
D. The report required pursuant to Subsection C of this section shall be a record signed under penalty of perjury and in a form and in a medium prescribed by the director and shall describe the event requiring the report.
History: Laws 2016, ch. 88, § 603; 2019, ch. 144, § 22.
ANNOTATIONSCross references. — For the federal Bankruptcy Code, see 11 U.S.C. § 101 et seq.
The 2019 amendment, effective July 1, 2019, replaced "nationwide mortgage licensing system and registry" with "nationwide multistate licensing system and registry"; and in Subsection A, after "nationwide", deleted "mortgage" and added "multistate".