N.M. Admin. Code § 12.19.8.9

Current through Register Vol. 35, No. 23, December 10, 2024

Section 12.19.8.9 - GOOD BUSINESS REPUTATION

Pursuant to Section 58-21-8(A) NMSA 1978 of the act, a licensee or applicant may be deemed to lack a good business reputation if the director finds that the licensee or applicant has done or is doing any of the following, which includes, but is not limited to:

A. repeatedly issues worthless checks;

B. has outstanding unsatisfied judgments;

C. repeatedly fails to meet obligations when due;

D. fails to pay the examination fee or investigation fee provided by Section 58-21-5 or Section 58-21-12 NMSA 1978;

E. allows unlicensed independent contractors or mortgage loan originators to originate mortgage loans.

N.M. Admin. Code § 12.19.8.9

12.19.8.9 NMAC - Rp, 12 NMAC 19.2.8.8.7, 12/15/08; A, 08/31/09; A,06/01/10