Notice: Any links to non-RLD websites provided herein are solely for our constituent’s information and convenience; linked websites may include views not reflecting those of the RLD. Further, the RLD does not endorse, control or guarantee the accuracy, relevance, timeliness, or completeness of information contained on a linked website. The RLD is not responsible for transmissions users may receive after accessing linked websites.
Overview
Mission
- The primary mission of the Financial Institutions Division is to license and regulate financial entities within its jurisdiction to promote a sound financial and economic environment and to safeguard consumer rights.
- The Division regulates state-chartered banks, trust companies, savings & loan, credit unions, mortgage loan companies, small loan companies, money service businesses, and escrow companies. The Division also licenses other financial establishments such as small loan companies, collection agencies, mortgage firms and escrows.
- Consumer protection is the underlying purpose of this Division that regulates over 14,700 financial institutions in New Mexico.
- Compliance is the primary focus in the administration of different rules, regulations, and acts related to non-depository industries (trust companies, collection agencies, endowed care cemeteries, small loan companies, motor vehicle sales finance companies, mortgage companies and loan brokers, escrow companies and money service businesses).
- Safety and soundness are the primary focus in the administration of the acts related to depository institutions (banks, credit unions, savings and loans).
To accomplish these goals the Division works closely with the Federal Deposit Insurance Corporation, the Federal Reserve Banks, and the National Credit Union Administration.
License Revocations / Denials:
Click the link below for Director's order to revoke or denial a license.
_________________________________________________________________________________________________________
Verified Petition for Appointment of Receiver for Masonic Cemetery Association of Las Vegas, NM
To view the documents, click on the document name.
FID Notice of Pending Matter and of Hearing - FID v Masonic Cemetery Assoc of Las Vegas et al
FID Verified Petition for Appointment of Receiver - and Attachments Masonic Cemetery Assoc of Las Vegas
Christopher Moya appointed as new FID Director
New Mexico Regulation and Licensing Department Superintendent Marguerite Salazar announced Thursday, April 11, 2019, that Christopher Moya has been named director of the department’s Financial Institutions Division. See the Press Release here.
Financial Institutions Division's Explanatory Statement Concerning Rules Adopted on Small Loans and Amendments Thereto.
Public Comments
Revised Trust Company Statutes Now in Effect
Updates to the Trust Company Act § 58-9-1 NMSA 1978 et seq. made during the 2017 legislative season went into effect as of July 1, 2018. The revised statutes can be located here. If you have questions, please contact Bank and Trust Industry Manager Rebecca S. Moore or Director Christopher Moya.
Desert State Life Management Updates
May 2, 2019: FID files monthly report with court
Receiver's May Monthly Report to Court
April 5, 2019: FID files monthly report with court
Receiver's April Monthly Report to Court
March 5, 2019: FID files monthly report with court
Receiver's March Monthly Report to Court
February 22, 2019: Donisthorpe Sentenced to 144 Months in Prison
Department of Justice's Press Release
February 5, 2019: FID files monthly report with court
Receiver's February Monthly Report to Court
January 3, 2019: FID files monthly report with court
Receiver's January Monthly Report to Court
December 6, 2018: FID files monthly report with court
Receiver's December Monthly Report to Court
November 6, 2018: FID files monthly report with court
Receiver's November Monthly Report to Court
October 3, 2018: FID files monthly report with court
Receiver's October Monthly Report to Court
September 5, 2018: FID files monthly report with court
Receiver's September Monthly Report to Court
August 3, 2018: FID files monthly report with court
Receiver's August Monthly Report to Court
June 28, 2018: FID files monthly report with court
Receiver's July Monthly Report to Court
June 6, 2018: FID files monthly report with court
Receiver's June Monthly Report to Court
May 1, 2018: FID files monthly report with court
Receiver's May Monthly Report to Court
April 4, 2018: FID files monthly report with court
Receiver's April Monthly Report to Court
March 3, 2018: FID files monthly report with court
Receiver's March Monthly Report to Court
February 2, 2018: FID files monthly report with court
Receiver's February Monthly Report to Court
January 5, 2018: FID files monthly report with court, including current known losses
Receiver's January Monthly Report to Court
December 5, 2017: FID files monthly report with court
Receiver's December Monthly Report to Court
November 27, 2017: Paul A. Donisthorpe Pleads Guilty to Federal Wire Fraud and Money Laundering Charges, Sentencing Date to be Announced
U.S. Attorney's Office Press Release
November 2, 2017: FID files Receiver's Final Inventory and Report (Subject to Addendum as may be Authorized by the Court)
Receiver - Final Inventory Report - Subject to Addendum as Approved by Court
October 4, 2017: FID files second monthly report
Receiver's Second Monthly Report to Court
September 5, 2017: FID files initial inventory and monthly report with court
Receiver's Initial Inventory and First Monthly Report to Court
August 8, 2017: Judge Nash grants Petition for Injunction and Receivership for DSLM; Christopher Moya, Acting Director of the FID, appointed Receiver for DSLM
RECEIVER ORDER ENTERED BY COURT - D-202-CV-2017-0038 - FID-v-DSLM-etal-Order-Granting-Petition-for- Permanent- Injunction-and-Appointing-Receiver
August 3, 2017: Judge Nash orders declaratory judgment, permanent injunctive relief and appoints NM FID as receiver for DSLM
Order for Declaratory Judgment, Permanent Injunctive Relief and Granting Application for Appointment of Receiver
July 5, 2017: Judge Nash grants motion for expedited hearing and TRO
Order Granting Motion for Expedited Hearing and Temporary Restraining Order
May 31, 2017: Case filed in the Second Judicial District Court, County of Bernalillo
Petition of Declaratory Judgment, Permanent Injunctive Relief and Appointment of Receiver
***NOTICE REGARDING CREDIT CARD PAYMENTS***
Effective December 1, 2017
- As of Friday, December 1, 2017, RLD will no longer accept Credit Card payments in person at RLD offices, nor by electronic mail (email), or direct mail.
- RLD will continue to accept checks and money orders (no cash) at all RLD offices (Santa Fe, Albuquerque and Las Cruces) or by direct mail. However, please do not send Credit Card information to RLD by electronic mail (e-mail) or by direct mail. On and after December 1, 2017, credit card information received via email or regular mail will be destroyed without processing.
- RLD will continue to accept Credit Card payments through our existing secure online systems that can be accessed via the Internet from your home, place of business, or mobile Internet device.
- No credit card breach of data incidents have occurred to date. However, RLD is changing credit card processing to ensure a secure system is maintained in the future.
Johanna Sandoval, Licensing Specialist
Phone (505) 476-4559
email: johanna.sandoval@state.nm.us
Amanda Urban, Licensing Specialist
Phone (505) 476-4819
email: amanda.urban@state.nm.us
Bank and Trust Questions
Rebecca S. Moore, Bank & Trust Industry Manager
Phone (505) 476-4567
email: rebecca.moore@state.nm.us
Credit Union and Endowed Care Cemetery Questions
David Gee, Credit Union Industry Manager
Phone (505) 476-4563
email: david.gee@state.nm.us
Small Loan, Collection Agency, Money Service Business, Motor Vehicle Sales Finance Company, and Repossessor Questions
Vacant, Consumer Industry Manager
Contact Licensing Special Johanna Sandoval @ (505) 476-4559 and you call will be directed accordingly
Mortgage and Escrow Questions
Vacant, Mortgage Industry Manager
Contact Licensing Special Amanda Urban @ (505) 476-4819 and your call will be directed accordingly
For more information contact:
Financial Institutions Division
P.O. Box 25101
Santa Fe, NM 87504
Phone: (505) 476-4885
Fax: (505) 476-4670
Regulatory Alert: The Advantage Group- Collection Agency
Regulatory Alert: Small Loan Reforms
During the 2017 legislative session, the New Mexico legislature enacted new small loan reforms through the passage of House Bill 347. The bill amended some provisions of the New Mexico Small Loan Act of 1955 (SLA), the New Mexico Bank Installment Loan Act of 1959 (BILA), and the Money, Interest, and Usury statute (Usury). House Bill 347 was signed into law by Governor Susana Martinez on April 6, 2017 and will become effective on January 1, 2018.
Click on the links below to review the Regulatory Alert issued by the Division and the finalized version of House Bill 347 in its entirety.
Licensing Instructions for the Money Services Business Industry
Please click the link below for NMLS information and instruction for licensing through the NMLS.
Regulatory Alert: Home Loan Protection Act
- Click here for regulatory guidance regarding the Home Loan Protection Act 58-21A-4(N)(7).