N.M. Stat. § 58-1A-7
This is the official text of N.M. Stat. § 58-1A-7, part of New Mexico’s Stat — part of the compiled statutory law of New Mexico, published by the state as "Stat." Browse the sections below, each linked to its official government source.
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§ 58-1A-7. Supervision fees
Official statutory text
A. Each consumer credit bank shall annually pay to the director a supervision fee, calculated on the basis of total assets as of December 31 of the immediately previous year:
Total assets (000):
Assessment:
Over
But not
This
Plus
Of excess
over
amount
over (000)
0
200,000
7,500
0.0000250
100,000
200,000
500,000
10,000
0.0006667
200,000
500,000
1,000,000
30,000
0.0000500
500,000
1,000,000
2,000,000
55,000
0.0000400
1,000,000
2,000,000
95,000
0.0000300
2,000,000.
B. The fee shall be paid on or before March 1 of each year. For failure to pay the supervisor fee when due unless excused for cause by the director, the consumer credit bank shall pay to the financial institutions division of the regulation and licensing department one hundred dollars ($100) for each day of delinquency.
C. The director shall examine the condition of the consumer credit bank. A report of examination shall be sent to the board of directors of the consumer credit bank.
Total assets (000):
Assessment:
Over
But not
This
Plus
Of excess
over
amount
over (000)
0
200,000
7,500
0.0000250
100,000
200,000
500,000
10,000
0.0006667
200,000
500,000
1,000,000
30,000
0.0000500
500,000
1,000,000
2,000,000
55,000
0.0000400
1,000,000
2,000,000
95,000
0.0000300
2,000,000.
B. The fee shall be paid on or before March 1 of each year. For failure to pay the supervisor fee when due unless excused for cause by the director, the consumer credit bank shall pay to the financial institutions division of the regulation and licensing department one hundred dollars ($100) for each day of delinquency.
C. The director shall examine the condition of the consumer credit bank. A report of examination shall be sent to the board of directors of the consumer credit bank.
Status: in_force
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