New Mexico Administrative Code Title 12 - TRADE, COMMERCE AND BANKING
Here’s a comprehensive overview of New Mexico Administrative Code (NMAC) Title 12 – Trade, Commerce and Banking:
📘 Structure of Title 12
Title 12 encompasses regulations that govern trade, commerce, financial institutions, and related business operations in New Mexico. Its chapters include:
Chapter 1 – Reserved
Chapter 2 – Consumer Protection (e.g., Fair Debt Collection, Charitable Solicitations) (srca.nm.gov)
Chapter 3 – Business Associations (corporations, partnerships, LLCs)
Chapter 4 & 5 – Reserved (Partnerships, Cooperatives)
Chapter 6 – Uniform Commercial Code practices (e.g., sales, secured transactions) (regulations.justia.com)
Chapter 7 – Commercial Instruments and Transactions (regulations.justia.com)
Chapter 8 – Trade Practices and Regulations (regulations.justia.com)
Chapter 9 – Notaries Public regulations (regulations.justia.com)
Chapter 10 – Reserved (Lobbyists)
Chapter 11 – Securities (broker-dealers, agent records, customer disclosures) (srca.nm.gov)
Chapter 12 – Commodities
Chapter 13 & 14 – Reserved
Chapter 15 – Financial Institutions – General regulation (regulations.justia.com)
Chapter 16 – Banking (net worth, reserve requirements, loans, home‑loan act applicability) (srca.nm.gov)
Chapter 17 – Credit Unions (regulations.justia.com)
Chapter 18 – Loan Companies (regulations.justia.com)
Chapter 19 – Mortgage Lending (regulations.justia.com)
Chapter 20 – Savings and Loan Associations (srca.nm.gov)
Chapter 21 – Community Revitalization and Development
Chapter 24 – Collection Agencies
Chapter 25 – Escrow Companies (
Chapter 26 – Cemeteries
🔍 Notable Highlights
🔹 Consumer Protection – Chapter 2
12.2.12 NMAC focuses on debt collection of time-barred debt. It requires disclosures to inform consumers when debt may not be enforceable due to statutes of limitation and outlines acceptable practices
🔹 Securities – Chapter 11
Rules for broker-dealers and their agents include a comprehensive record-keeping regime (e.g., trade blotters, confirmations, customer files) and customer rights.
Example: NMAC § 12.11.4.13 mandates that brokers must supply customers with conformed copies of agreements within 15 days of first trade
🔹 Banking – Chapter 16
Covers a spectrum of bank regulation, including:
Net worth calculations (main office and branches)
Reserve requirements and capital management
Real estate lending, lease agreements, IRAs, repo agreements
Applicability of New Mexico’s Home Loan Protection Act
🔹 Savings & Loan Associations – Chapter 20
Outlines governance (board duties), lending standards, branch expansion, accounting protocols, and compliance with consumer protections and home-loan rules .
✅ Next Steps
To access the full text or PDFs, visit the New Mexico State Records Center & Archives website for Title 12 (srca.nm.gov).
For interpretation or research into specific parts (e.g., “net worth of bank branches” or “broker record retention”), I can help drill down into those sections or locate PDFs.
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