As used in this act [56-2-1 to 56-2-4 NMSA 1978]: A. “person” means an individual, partnership, corporation and association; B. “debt adjuster” means a person who acts or offers to act for a consideration as an intermediary between a debtor and his creditors for the purpose of settling, compounding or in anywise altering the terms […]
Any person who shall hereafter act or offer to act as a debt adjuster in this state shall be guilty of a misdemeanor. History: 1953 Comp., § 50-17-2, enacted by Laws 1965, ch. 80, § 2. ANNOTATIONS Cross references. — For penalties for misdemeanors, see 31-19-1 NMSA 1978. Am. Jur. 2d, A.L.R. and C.J.S. references. […]
Courts of record shall have power, in an action brought in the name of the state by the attorney general, to enjoin any person from acting or offering to act as a debt adjuster; and, in such action, may appoint a receiver for the property and money employed in the transaction of business by such […]
The following persons shall not be deemed debt adjusters for the purposes of this act [56-2-1 to 56-2-4 NMSA 1978]: any attorney-at-law admitted to practice in this state; any person who is a regular, full-time employee of a debtor, and who acts as an adjuster of his employer’s debts; any person acting pursuant to any […]
