Section 58-32-702 – Types of permissible investments.
A. Except to the extent otherwise limited by the director pursuant to Section 701 [58-32-701 NMSA 1978] of the Uniform Money Services Act, the following investments are permissible pursuant to Section 701 of that act: (1) cash, a certificate of deposit or senior debt obligation of an insured depository institution as defined in Section 3 […]
Section 58-32-801 – Suspension and revocation; receivership.
A. The director may suspend or revoke a license, place a licensee in receivership or order a licensee to revoke the designation of an authorized delegate if: (1) the licensee violates the Uniform Money Services Act or a rule adopted or an order issued pursuant to that act; (2) the licensee does not cooperate with […]
Section 58-32-802 – Suspension and revocation of authorized delegates.
A. The director may issue an order suspending or revoking the designation of an authorized delegate if the director finds that: (1) the authorized delegate violated the Uniform Money Services Act or a rule adopted or an order issued pursuant to that act; (2) the authorized delegate did not cooperate with an examination or investigation […]
Section 58-32-803 – Orders to cease and desist.
A. If the director determines that a violation of the Uniform Money Services Act, or of a rule adopted or an order issued pursuant to that act, by a licensee or authorized delegate is likely to cause immediate and irreparable harm to the licensee, its customers or the public as a result of the violation, […]
Section 58-32-804 – Consent orders.
The director may enter into a consent order at any time with a person to resolve a matter arising pursuant to the Uniform Money Services Act or a rule adopted or order issued pursuant to that act. A consent order shall be signed by the person to whom it is issued or by the person’s […]
Section 58-32-805 – Emergency orders.
A. The director may issue an emergency order, without prior notice and an opportunity for hearing, if the director finds that: (1) the action, violation or condition that is the basis for the order: (a) has caused or is likely to cause the insolvency of the licensee; (b) has caused or is likely to cause […]
Section 58-32-806 – Civil penalties.
The director may assess a civil penalty against a person that violates the Uniform Money Services Act or a rule adopted or an order issued pursuant to that act in an amount not to exceed one thousand dollars ($1,000) per day for each day the violation is outstanding. History: Laws 2016, ch. 88, § 806. […]
Section 58-32-807 – Criminal penalties.
A. A person who intentionally makes a false statement, misrepresentation or false certification in a record filed or required to be maintained pursuant to the Uniform Money Services Act or who intentionally makes a false entry or omits a material entry in such a record is guilty of a fourth degree felony. B. A person […]
Section 58-32-808 – Unlicensed persons.
A. If the director has reason to believe that a person has violated or is violating Section 201, 301 or 401 [58-32-201, 58-32-301, 58-32-401 NMSA 1978] of the Uniform Money Services Act, the director may issue an order to show cause why an order to cease and desist should not issue requiring that the person […]
Section 58-32-603 – Reports.
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 […]