N.M. Stat. » N.M. Stat. / Chapter 61 / Article 18A
New Mexico Statutes

N.M. Stat. § 61-18A-22 (2026)

Office management; license.

✓ current as of May 2026
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A. Every licensed office of a collection agency, whether a principal or branch office,
shall be under the active charge of a licensed manager. Each manager's license shall
be issued by the director upon qualification by the applicant and shall be renewed
annually upon application accompanied by the manager's renewal license fee, which
application is to be filed with the division on or before November 30 of each year.
Unless so renewed, each manager's license shall expire on January 1 unless previously
revoked or canceled.

   B. As used in this section, "under the active charge of a licensed manager" means
that a licensed manager shall be physically present at the licensee's office at least
seventy-five percent of the time during which the office is open for business.

History: Laws 1987, ch. 252, § 22; 2019, ch. 144, § 29.

                                     ANNOTATIONS

The 2019 amendment, effective July 1, 2019, revised the deadline for renewing an
office management license, and changed the expiration month for an office
management license that is not renewed by the deadline; in Subsection A, after "on or
before", deleted "May 31" and added "November 30", and after "shall expire", deleted
"June 30" and added "January 1"; and in Subsection B, after "licensed manager",
deleted "must" and added "shall".
Notes of Decisions
Cited in 1 case (1 in the last 5 years), 2026–2026 · leading case: State Ex Rel. Stalter v. NCO Fin. Sys., Inc. (N.M. Ct. App. 2026).
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State Ex Rel. Stalter v. NCO Fin. Sys., Inc. (N.M. Ct. App. 2026). · cites it 2× “wing that they were not complying and did not intend to comply with 11 at least three requirements imposed by the New Mexico Collection Agency 12 Regulatory Act (CARA), NMSA 1978, §§ 61-18A-1 to -33 (1987, amended 2022): 13 (1) that “[e]very licensed office of a collection…”
N.M. Stat. § 61-18A-22(A): 1 case
State Ex Rel. Stalter v. NCO Fin. Sys., Inc. (N.M. Ct. App. 2026). “wing that they were not complying and did not intend to comply with 11 at least three requirements imposed by the New Mexico Collection Agency 12 Regulatory Act (CARA), NMSA 1978, §§ 61-18A-1 to -33 (1987, amended 2022): 13 (1) that “[e]very licensed office of a collection…”
N.M. Stat. § 61-18A-22(B): 1 case
State Ex Rel. Stalter v. NCO Fin. Sys., Inc. (N.M. Ct. App. 2026). “wing that they were not complying and did not intend to comply with 11 at least three requirements imposed by the New Mexico Collection Agency 12 Regulatory Act (CARA), NMSA 1978, §§ 61-18A-1 to -33 (1987, amended 2022): 13 (1) that “[e]very licensed office of a collection…”
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