New Mexico Administrative Code
Title 12 - TRADE, COMMERCE AND BANKING
Chapter 16 - BANKING
Part 60 - OPERATING SUBSIDIARIES
Section 12.16.60.7 - DEFINITIONS
Universal Citation: 12 NM Admin Code 12.16.60.7
Current through Register Vol. 35, No. 18, September 24, 2024
A. "Activities that are part of the business of banking" means activities authorized by the New Mexico Banking Act.
B. "Activities that are incidental to the business of banking" means activities permissible under paragraphs 1863 and 1864(f) of the Bank Service Corporation Act ( 12 U.S.C. Sections 1861 - 1867 ), except as otherwise restricted by applicable state law; and other activities approved by the director of the financial institutions division.
Disclaimer: These regulations may not be the most recent version. New Mexico may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google
Privacy Policy and
Terms of Service apply.
