"Activities that are incidental to the business of banking" means activities permissible under paragraphs 1863 and 1864(f) of the Bank Service Corporation Act ( 12 U.S.C. Sections 1861 - 1867 ), except as otherwise restricted by applicable state law; and other activities approved by the director of the financial institutions division.
N.M. Admin. Code § 12.16.61.7