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Are mortgage registrants required to maintain a physical location in New Mexico?

April 26, 2017location maintain mortgage New Mexico physical Registrants

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Are mortgage registrants required to maintain a physical location in New Mexico?

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The following persons shall be exempt from all provisions of the Mortgage Loan Company and Loan Broker Act [Chapter 58, Article 21 NMSA 1978]: Bank, trust companies, savings and loan associations, credit unions, consumer finance companies, insurance companies or real estate investment trusts as defined in 26 USCA 856; attorney licensed to practice law in New Mexico who is not principally engaged in the business of negotiating loans secured by real or personal property, when the person renders se.