The responsibilities and authority of the director under the Mortgage Loan Company Act are explicitly exempted from the authority of the superintendent of regulation and licensing as set forth in Subsection B of Section 9-16-6 NMSA 1978. History: Laws 1983, ch. 86, § 26; 2009, ch. 122, § 48. ANNOTATIONSThe 2009 amendment, effective July 31, 2009, changed the name of the act from the 'Mortgage Loan Company and Loan Broker Act' to the 'Mortgage Loan Company Act', changed 'secretary of commerce and industry' to 'superintendent of regulation and licensing' and changed Section 9-2-5 NMSA to Section 9-16-6 NMSA 1978. Severability. — Laws 1983, ch. 86, § 27, provides for the severability of the act if any part or application thereof is held invalid. Laws 2009, ch. 122, § 60 provided that if any part or application of this act is held invalid, the remainder or its application to other situations or persons shall not be affected.
New Mexico Legal Code