New Mexico Administrative Code
Title 12 - TRADE, COMMERCE AND BANKING
Chapter 15 - FINANCIAL INSTITUTIONS - GENERAL
Part 15 - LINKED DEPOSIT PROGRAM
Section 12.15.15.11 - CERTIFICATION TO STATE TREASURER
Universal Citation: 12 NM Admin Code 12.15.15.11
Current through Register Vol. 35, No. 18, September 24, 2024
Based upon the information provided by a qualified depository institution, and any additional information obtained by the director from any source, if the director reasonably believes that the qualified depository institution is eligible to participate in the linked deposit program the director shall promptly certify said eligibility to the state treasurer. Unless a qualified depository institution is decertified by the director, any such certification of eligibility shall remain effective without any need for recertification by the director.
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