Section 61-18A-18 - Display of license; duration. - New-mexico Statutes

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

61-18A-18. Display of license; duration.

A. Each license or duplicate or renewal license, if any, shall be conspicuously displayed at the place of business noted in the license at all times.

B. A collection agency or repossessor license shall be effectual until July 1 next ensuing the date of issue unless sooner revoked, canceled or surrendered and is transferable only if the transferee shall first qualify as a licensee under the provisions of the Collection Agency Regulatory Act [61-18A-1 NMSA 1978].

In the event of the loss or destruction of a license, the licensee may file with the director an affidavit explaining such loss or destruction and pay the duplicate license fee prescribed. Thereupon the director shall issue a duplicate license bearing the same date and number of the replaced license.

State Codes and Statutes

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

61-18A-18. Display of license; duration.

A. Each license or duplicate or renewal license, if any, shall be conspicuously displayed at the place of business noted in the license at all times.

B. A collection agency or repossessor license shall be effectual until July 1 next ensuing the date of issue unless sooner revoked, canceled or surrendered and is transferable only if the transferee shall first qualify as a licensee under the provisions of the Collection Agency Regulatory Act [61-18A-1 NMSA 1978].

In the event of the loss or destruction of a license, the licensee may file with the director an affidavit explaining such loss or destruction and pay the duplicate license fee prescribed. Thereupon the director shall issue a duplicate license bearing the same date and number of the replaced license.

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State Codes and Statutes

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

61-18A-18. Display of license; duration.

A. Each license or duplicate or renewal license, if any, shall be conspicuously displayed at the place of business noted in the license at all times.

B. A collection agency or repossessor license shall be effectual until July 1 next ensuing the date of issue unless sooner revoked, canceled or surrendered and is transferable only if the transferee shall first qualify as a licensee under the provisions of the Collection Agency Regulatory Act [61-18A-1 NMSA 1978].

In the event of the loss or destruction of a license, the licensee may file with the director an affidavit explaining such loss or destruction and pay the duplicate license fee prescribed. Thereupon the director shall issue a duplicate license bearing the same date and number of the replaced license.