Any person properly licensed pursuant to the Collection Agency Act [ 61-18A-1 NMSA 1978] on the effective date of the enactment of the Collection Agency Regulatory Act is eligible to be granted a license under the provisions of the Collection Agency Regulatory Act.
§ 61-18A-33 NMSA 1978
Grandfather clause
Known as the Collection Agency Regulatory Act
The act spans §§ 61–61 (34 sections).
Laws 1987, ch. 252, § 33.
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.