Section 56-12-12 - Record of disposition of pledged property. - New Mexico Statutes

56-12-12. Record of disposition of pledged property.

Every pawnbroker shall keep a permanent record, fully itemized, of all pledged property disposed of following default by the pledgor. The record shall include the following:   

A.     the number of the pawn transaction;   

B.     the name and address of the pledgor;   

C.     the date of the pawn transaction and the date of the last payment received as service charge or on principal;   

D.     the date of disposition of the pledged property pursuant to Section 11 [56-12-11 NMSA 1978] of the Pawnbrokers Act;   

E.     the method of disposition of the pledged property; and   

F.     the amount and disposition of any surplus following disposition of the pledged property.