{"data":{"id":"us-nm/58-22-31","jurisdiction":"us-nm","citation":"58-22-31","heading":"Effect on persons currently engaged in escrow company business.","body":"Any person engaged in the escrow company business in the state for a period of at least ninety days prior to the effective date of the Escrow Company Act shall have thirty days from that date in which to file a proper and complete application for a license together with the required bonds pursuant to Section 10 [58-22-10 NMSA 1978] of the Escrow Company Act and evidence of insurance coverage pursuant to Section 11 [58-22-11 NMSA 1978] of that act and to pay all required fees; provided that such applicant shall not be required to meet the condition specified in Subsection B of Section 8 [58-22-8 NMSA 1978] of the Escrow Company Act. During that thirty-day period and until the director acts on the application, the person shall be entitled to operate without a license but shall otherwise comply with all other provisions of that act [58-22-1 to 58-22-33 NMSA 1978].","path":["Chapter 58 - Financial Institutions and Regulations","ARTICLE 22 Escrow Companies"],"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":"29a403e6320a0519cd4ebe1dc07a3fd8cddbd0697413c9ec31c30866c6de9318","source_id":"us-nm","stale":false,"prev":"us-nm/58-22-30","next":"us-nm/58-22-32"},"notice":"GroundRules: Original legal text. Not legal advice."}