N.M. Code R. § 14.12.11.10
When a person or business entity conducts business in any area requiring licensure, he/she must cease all activities until he/she is licensed and complies with all provisions of the act and these regulations. Failure to cease all activity by a person or business entity will subject such person or business entity to all penalties pursuant to the act and these regulations.
[14.12.11.10 NMAC - Rp, 14.12.2.64 NMAC, 12/01/2010]