Whenever a bank is examined more than once in any calendar year as provided in Section 58-1-46 NMSA 1978, the bank shall pay to the financial institutions division of the regulation and licensing department an amount determined by the director to be sufficient to reimburse the division for its actual expenses in conducting the examination.
§ 58-1-41.2 NMSA 1978
Additional examinations
Known as the Banking Act
The act spans §§ 58–58 (88 sections).
1978 Comp., § 58-1-41.2, enacted by Laws 1985, ch. 30, § 3.
Official source: NMOneSource (New Mexico Compilation Commission). Reproduced from public-domain New Mexico statutes; confirm against the official source for the current text. Not legal advice.