New Mexico Administrative Code
Title 16 - OCCUPATIONAL AND PROFESSIONAL LICENSING
Chapter 61 - REAL ESTATE BROKERS
Part 5 - ERRORS AND OMISSIONS INSURANCE
Section 16.61.5.13 - PENALTIES FOR VIOLATION
Universal Citation: 16 NM Admin Code 16.61.5.13
Current through Register Vol. 35, No. 18, September 24, 2024
Brokers who fail to obtain and maintain an errors and omissions insurance policy as specified herein are guilty of violating NMSA 1978 Section 61-29-4.2 of the Real Estate License Law and are subject to license suspension and revocation as provided in Section 61-29-12 A (10).
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