N.M. Code R. § 12.18.10.9 - BUSINESS SITE REQUIREMENTS
A. Small
loan businesses operating one or more business site(s) shall obtain a separate
license for each site pursuant to Subsection A of Section
58-15-3 NMSA 1978.
B. Small loan businesses shall make the most
current small loan license certificate easily accessible and available for
review within the business site.
C.
Small loan businesses operating one or more business site(s) shall be
responsible for all disclosures to be posted on such site(s). This shall
include making the mandatory consumer information brochure pursuant to
Subsection C of
12.18.3.8 NMAC and the mandatory
signage for all small loan companies pursuant to Subsection A of
12.18.4.8 NMAC.
D. All small loan businesses operating one or
more business site(s) shall provide a disclosure in an easily accessible and
visible location the following words "TO REPORT A PROBLEM OR COMPLAINT WITH
THIS LENDER, YOU MAY WRITE OR CALL ________________." The blank shall be filled
in with a position title, address, phone number, and email address of the
company's problem resolution person.
E. The above shall also contain a separate
disclosure stating the following words: "New Mexico Only: This lender is
licensed and regulated by the New Mexico Regulation and Licensing Department,
Financial Institutions Division, P.O. Box 25101, 2550 Cerrillos Road, Santa Fe,
New Mexico 87504. To report any unresolved problems or complaints, contact the
Division by telephone at (505) 476-4885 or visit the website:
www.rld.nm.gov/financial-institutions/."
Notes
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