New Mexico § 58-13D-3 Third-party and agency disclosure

New Mexico Statutes

§ 58-13D-3 — Third-party and agency disclosure

New Mexico § 58-13D-3

Ch. 58Financial Institutions and Regulations

Art. 13DProtecting Vulnerable Adults from Financial

This text of New Mexico § 58-13D-3 (Third-party and agency disclosure) 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. § 58-13D-3 (2026).

Text

A. If a broker-dealer, investment adviser or qualified individual reasonably believes that financial exploitation of an eligible adult may have occurred, may have been attempted or is being attempted, a broker-dealer, investment adviser or qualified individual:

(1)shall promptly notify the agencies;

(2)shall attempt to notify a third-party previously designated by the eligible adult; and (3) may attempt to notify a third-party that is not designated but is reasonably associated with the eligible adult. B. Disclosure shall not be made to a designated third-party that is at the time of disclosure suspected of financial exploitation or other abuse of the eligible adult.

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A. If a broker-dealer, investment adviser or qualified individual reasonably believes that financial exploitation of an eligible adult may have occurred, may have been attempted or is being attempted, a broker-dealer, investment adviser or qualified individual: (1) shall promptly notify the agencies; (2) shall attempt to notify a third-party previously designated by the eligible adult; and (3) may attempt to notify a third-party that is not designated but is reasonably associated with the eligible adult. B. Disclosure shall not be made to a designated third-party that is at the time of disclosure suspected of financial exploitation or other abuse of the eligible adult.