New Mexico Statutes

§ 58-21-14 — Notice of contemplated action; hearings

New Mexico·Ch. 58 Financial Institutions and Regulations·Art. 21 Mortgage Loan Companies

A. When the director contemplates taking any action specified in Section 58-21-8 NMSA 1978 and Paragraphs (1) through (7) of Subsection A of Section 58-21-28 NMSA 1978, the director shall serve upon the licensee a written notice containing a statement:

(1)that the director has sufficient evidence that, if not rebutted or explained, will justify the director in taking the contemplated action;
(2)indicating the general nature of the evidence; and (3) that unless the licensee within twenty days after service of the notice deposits in the mail a certified return receipt requested letter addressed to the director and containing a request for a hearing, the director will take the contemplated action. B. If the licensee does not mail a request for a hearing within the time and in the manner req

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Legislative History

Laws 1983, ch. 86, § 14; 2009, ch. 122, § 37.

Nearby Sections

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