State Codes and Statutes

State Codes and Statutes

Statutes > New-mexico > Chapter-61 > Article-18a > Section-61-18a-3

61-18A-3. Administration and enforcement.

The administration and enforcement of the Collection Agency Regulatory Act [61-18A-1 NMSA 1978] shall be vested in the office of the director as hereinafter set forth.   

A.     The director shall investigate violations or alleged violations of the Collection Agency Regulatory Act by persons engaged in business as collection agencies or repossessors who fail to obtain licenses.   

B.     The director may examine the business and the books, accounts, records and files used therein by a collection agency licensee and for such purpose the director shall have free access to the offices, places of business, books, accounts, records, papers, files, safes and vaults of all licensees and other persons engaging or attempting to engage in business as a collection agency.   

C.     Any examination reports or other documents or information developed in administration of this section are confidential and not subject to subpoena.