Section 61-18A-18 - Display of license; duration. - New Mexico Statutes

61-18A-18. Display of license; duration.

A.     Each license or duplicate or renewal license, if any, shall be conspicuously displayed at the place of business noted in the license at all times.   

B.     A collection agency or repossessor license shall be effectual until July 1 next ensuing the date of issue unless sooner revoked, canceled or surrendered and is transferable only if the transferee shall first qualify as a licensee under the provisions of the Collection Agency Regulatory Act [61-18A-1 NMSA 1978].   

In the event of the loss or destruction of a license, the licensee may file with the director an affidavit explaining such loss or destruction and pay the duplicate license fee prescribed. Thereupon the director shall issue a duplicate license bearing the same date and number of the replaced license.