{"data":{"id":"us-nm/56-12-4","jurisdiction":"us-nm","citation":"56-12-4","heading":"Permits required; inspection fee; penalty.","body":"A. In addition to any occupational or other license required by the local government, every pawnbroker shall obtain a pawnbroker permit from his local government, and that permit shall be conspicuously displayed in the pawnbroker's place of business. Said permit will expire on July 1 of each year and must be renewed by that date. Upon obtaining the permit, every pawnbroker shall register with the local law enforcement agency.\nB. The local government may impose upon pawnbrokers a pawnbroker permit fee, in an amount to be set by the local government, to cover the expense of administration of the Pawnbrokers Act. No person who has been convicted of a felony shall be eligible for a permit.\nC. Doing business as a pawnbroker without a permit constitutes a violation of this section and is subject to the general penalty provisions of the Pawnbrokers Act.","path":["Chapter 56 - Commercial Instruments and Transactions","ARTICLE 12 Pawnbrokers"],"source_url":"https://nmonesource.com/nmos/nmsa-unanno/en/item/18559/index.do","current_through":"2024-04-26","vintage":"","retrieved_at":"2026-09-03T15:02:20Z","sha256":"3ea5a5eb4674067552032e01e6a962b7e121965c63b42afce14f5bfb8478510a","source_id":"us-nm","stale":false,"prev":"us-nm/56-12-3","next":"us-nm/56-12-5"},"notice":"GroundRules: Original legal text. Not legal advice."}