{"data":{"id":"us-nm/58-21b-16","jurisdiction":"us-nm","citation":"58-21B-16","heading":"Unlicensed activity.","body":"A. An individual who acts as a mortgage loan originator without being properly licensed pursuant to the New Mexico Mortgage Loan Originator Licensing Act is, for a first offense, guilty of a misdemeanor and upon conviction shall be sentenced in accordance with the provisions of Subsection A of Section 31-19-1 NMSA 1978.\nB. In the case of a conviction pursuant to Subsection A of this section, the court may impose a deferred sentence in accordance with Section 31-20-6 NMSA 1978.\nC. An individual who violates Subsection A of this section is, for a second or subsequent offense, guilty of a fourth degree felony and upon conviction shall be sentenced in accordance with the provisions of Section 31-18-15 NMSA 1978.","path":["Chapter 58 - Financial Institutions and Regulations","ARTICLE 21B New Mexico Mortgage Loan Originator Licensing"],"source_url":"https://nmonesource.com/nmos/nmsa-unanno/en/item/18561/index.do","current_through":"2025-01-07","vintage":"","retrieved_at":"2026-09-03T15:02:20Z","sha256":"476250ded49c1be9493b80d94118550862c64536f9527143b41a963e7e45e2ea","source_id":"us-nm","stale":false,"prev":"us-nm/58-21b-15","next":"us-nm/58-21b-17"},"notice":"GroundRules: Original legal text. Not legal advice."}