New Mexico Administrative Code
Title 12 - TRADE, COMMERCE AND BANKING
Chapter 24 - COLLECTION AGENCIES
Part 2 - COLLECTION AGENCY REGULATORY ACT
Section 12.24.2.7 - DEFINITIONS
Universal Citation: 12 NM Admin Code 12.24.2.7
Current through Register Vol. 35, No. 6, March 26, 2024
The term "liquid assets" as used in Section 9 of the Act is defined to mean cash or its equivalent, United States government obligations (direct or guaranteed), securities listed with a nationally recognized stock exchange and current (not more than 30 days overdue) accounts receivable from clients of the applicant.
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.
