There is created a "title insurance maintenance assessment fund" in the state treasury. All receipts of the department of insurance collected under Section 59A-30-12 NMSA 1978 shall be deposited in the title insurance maintenance assessment fund and are appropriated to the superintendent for use in paying the expenses of the insurance department incurred in administering the New Mexico Title Insurance Law, including compensation and expenses of salaried personnel and consultants employed by the superintendent in administering the New Mexico Title Insurance Law.
§ 59A-30-13 NMSA 1978
Title insurance maintenance assessment fund created; appropriation
Known as the New Mexico Title Insurance Law
The act spans §§ 59–59 (19 sections).
1978 Comp., § 59A-30-13, enacted by Laws 1985, ch. 28, § 13.
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.