New Mexico Administrative Code
Title 12 - TRADE, COMMERCE AND BANKING
Chapter 20 - SAVINGS AND LOAN ASSOCIATIONS
Part 50 - POWER TO BORROW, FINANCE SUBSIDIARIES
Section 12.20.50.6 - OBJECTIVE
Universal Citation: 12 NM Admin Code 12.20.50.6
Current through Register Vol. 35, No. 18, September 24, 2024
The objective of this sub-part [now part] is to permit financial institutions chartered under the provisions of the statutes of this state to have the same powers as a federal institution with regard to a finance subsidiary.
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