N.M. Stat. § 58-32-201

Current through 2024, ch. 69

Section 58-32-201 - License required

A. A person shall not engage in the business of money transmission or advertise, solicit or hold itself out as providing money transmission unless the person:

(1) is licensed pursuant to Article 2 [58-32-201 to 58-32-206 NMSA 1978] of the Uniform Money Services Act; or

(2) is an authorized delegate of a person licensed pursuant to Article 2 of the Uniform Money Services Act.

B. A license pursuant to Article 2 of the Uniform Money Services Act is not transferable or assignable.

NMS § 58-32-201

Laws 2016, ch. 88, § 201.

Added by 2016, c. 88,s. 201, eff. 1/1/2017.