New Mexico § 56-12-12 Record of disposition of pledged property

New Mexico Statutes

§ 56-12-12 — Record of disposition of pledged property

New Mexico § 56-12-12

Ch. 56Commercial Instruments and Transactions

Art. 12Pawnbrokers

This text of New Mexico § 56-12-12 (Record of disposition of pledged property) is published on Counsel Stack Legal Research, covering New Mexico primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

N.M. Stat. Ann. § 56-12-12 (2026).

Text

Every pawnbroker shall keep a permanent record, fully itemized, of all pledged property disposed of following default by the pledgor. The record shall include the following: A. the number of the pawn transaction; B. the name and address of the pledgor; C. the date of the pawn transaction and the date of the last payment received as service charge or on principal; D. the date of disposition of the pledged property pursuant to Section 11 [56-12-11 NMSA 1978] of the Pawnbrokers Act; E. the method of disposition of the pledged property; and F. the amount and disposition of any surplus following disposition of the pledged property.

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Every pawnbroker shall keep a permanent record, fully itemized, of all pledged property disposed of following default by the pledgor. The record shall include the following: A. the number of the pawn transaction; B. the name and address of the pledgor; C. the date of the pawn transaction and the date of the last payment received as service charge or on principal; D. the date of disposition of the pledged property pursuant to Section 11 [56-12-11 NMSA 1978] of the Pawnbrokers Act; E. the method of disposition of the pledged property; and F. the amount and disposition of any surplus following disposition of the pledged property.