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New Mexico Statutes Annotated 1978

22

Escrow Companies

State of New Mexico

58-22-1Short title 58-22-2Purpose 58-22-3Definitions 58-22-4Exempt persons and transactions 58-22-5Exemption or exception; burden of proof 58-22-6Director; duties and powers 58-22-7License required 58-22-8Application for license 58-22-9Annual renewal of license 58-22-10Surety bond required 58-22-12Issuance of license 58-22-13Action on bond; limitation 58-22-14New bond required; effect of failure to file new bond 58-22-15Grounds for denying a license 58-22-16Transferability 58-22-17Keeping of records; examination 58-22-18Statement of account 58-22-19Division documents exception to Inspection of Public Records Act 58-22-20Bank deposit required; maintenance of trust accounts 58-22-21Attachment 58-22-21.1Suit to recover trust funds; attorney's fees authorized 58-22-22Removal 58-22-23Additional business office locations 58-22-24Fees 58-22-25Limit on fees for servicing loans or contracts of sale 58-22-26Unauthorized business practices 58-22-26.1Right to rely upon written instructions; conflicting demands upon escrow agent; right to interplead; custody of documents; attorney's fees authorized 58-22-27Investigations by director; desist order; injunctions; fees 58-22-28Subpoenas, oaths and examinations of witness; penalty 58-22-28.1Violation of the Escrow Company Act; penalty 58-22-29Review of order of director 58-22-30Exemption from authority of superintendent of regulation and licensing 58-22-31Effect on persons currently engaged in escrow company business 58-22-32Status of preexisting escrows 58-22-33No impairment of other remedies