50-State Financial Services Licensing Compliance Guide
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New Mexico Finance Licensing

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Licenses are typically required for individuals and businesses that provide finance industry services in the United States. This guide contains information about professional finance licensing in New Mexico.

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Company Licenses

New Mexico Financial Services Company Licenses

New Mexico Check Casher License

Agency:New Mexico Regulation and Licensing Department - Financial Institutions Division
Foreign Qualification is Prerequisite:Yes
Registered Agent (Special Agency) Required?Yes

Initial Registration

Instructions:

Requirements Checklist

Filing Method:

Online

Agency Fee:

$2000 license/registration fee + $2000 application fee + $15 credit report fee

Registration Renewal

Filing Method:

Online

Agency Fee:

$1,000

Due:

  • Licenses expire on December 31 of each year. Licensees are recommeded to renew by November 1.
  • Licenses issued in November or December remain valid through the next renewal period.

New Mexico Collection Agency Branch License

Agency:New Mexico Regulation and Licensing Department - Financial Institutions Division
Bond Requirements:

$5,000 for each additional branch.

Initial Registration

Form:

Collection Agency Branch Original Application

Agency Fee:

$500

Notarization Required?:Required

Registration Renewal

Form:

Collection Agency and Manager Renewal Application

Agency Fee:

$300

Due:

Annually by June 30.

Amendment

Agency Fee:

$15

Notes:

To report a change of address, send a letter to the division describing the change along with the required fee.

New Mexico Collection Agency License

Agency:New Mexico Regulation and Licensing Department - Financial Institutions Division
Foreign Qualification is Prerequisite:Yes
Bond Requirements:

$5,000

Initial Registration

Form:

Collection Agency and Manager Original Application

Agency Fee:

$500

Notarization Required?:Required

Registration Renewal

Form:

Collection Agency and Manager Renewal Application

Agency Fee:

$300

Due:

Annually by June 30.

Amendment

Form:

Collection Agency Change of Manager Application

Agency Fee:

$100

Notarization Required?:Required

Amendment

Agency Fee:

$15

Notes:

To report a change of address, send a letter to the division describing the change along with the required fee.

New Mexico Currency Exchange License

Agency:New Mexico Regulation and Licensing Department - Financial Institutions Division
Foreign Qualification is Prerequisite:Yes
Registered Agent (Special Agency) Required?Yes

Initial Registration

Instructions:

Requirements Checklist

Filing Method:

Online

Agency Fee:

$2000 license/registration fee + $2000 application fee + $15 credit report fee

Registration Renewal

Filing Method:

Online

Agency Fee:

$1,000

Due:

  • Licenses expire on December 31 of each year. Licensees are recommeded to renew by November 1.
  • Licenses issued in November or December remain valid through the next renewal period.

New Mexico Money Transmission License

Agency:New Mexico Regulation and Licensing Department - Financial Institutions Division
Foreign Qualification is Prerequisite:Yes
Registered Agent (Special Agency) Required?Yes

Initial Registration

Instructions:

Requirements Checklist

Filing Method:

Online

Agency Fee:

$2000 license/registration fee + $2000 application fee + $15 credit report fee + $25 fee per authorized delegate + $0.25 fee per active agent per year

Registration Renewal

Filing Method:

Online

Agency Fee:

$1,000

Due:

  • Licenses expire on December 31 of each year. Licensees are recommeded to renew by November 1.
  • Licenses issued in November or December remain valid through the next renewal period.

New Mexico Mortgage Loan Company Branch License

Agency:New Mexico Regulation and Licensing Department - Financial Institutions Division
Foreign Qualification is Prerequisite:No
Registered Agent (Special Agency) Required?No

Initial Registration

Instructions:

Requirements Checklist

Filing Method:

Online

Agency Fee:

$20 + $500 license/registration fee

Registration Renewal

Filing Method:

Online

Agency Fee:

$500

Due:

  • Licenses expire on December 31 of each year. Licensees are recommeded to renew by December 15.
  • Licenses issued in November or December remain valid through the next renewal period.

New Mexico Mortgage Loan Company License

Agency:New Mexico Regulation and Licensing Department - Financial Institutions Division
Foreign Qualification is Prerequisite:Yes
Registered Agent (Special Agency) Required?Yes

Initial Registration

Instructions:

Requirements Checklist

Filing Method:

Online

Agency Fee:

$100 + $1000 license/registration fee + $500 application fee + $15 credit report fee

Registration Renewal

Filing Method:

Online

Agency Fee:

$1,000

Due:

  • Licenses expire on December 31 of each year. Licensees are recommeded to renew by December 15.
  • Licenses issued in November or December remain valid through the next renewal period.

New Mexico Motor Vehicle Sales Finance Branch License - In State

Agency:New Mexico Regulation and Licensing Department - Financial Institutions Division
Foreign Qualification is Prerequisite:No
Registered Agent (Special Agency) Required?No

Initial Registration

Instructions:

Requirements Checklist

Filing Method:

Online

Agency Fee:

$400 license/registration fee

Registration Renewal

Filing Method:

Online

Agency Fee:

$400

Due:

  • Licenses expire on December 31 of each year. Licensees are recommeded to renew by November 1.
  • Licenses issued in November or December remain valid through the next renewal period.

New Mexico Motor Vehicle Sales Finance Branch License - Out of State

Agency:New Mexico Regulation and Licensing Department - Financial Institutions Division
Foreign Qualification is Prerequisite:No
Registered Agent (Special Agency) Required?No

Initial Registration

Instructions:

Requirements Checklist

Filing Method:

Online

Agency Fee:

$500 license/registration fee

Registration Renewal

Filing Method:

Online

Agency Fee:

$500

Due:

  • Licenses expire on December 31 of each year. Licensees are recommeded to renew by November 1.
  • Licenses issued in November or December remain valid through the next renewal period.

New Mexico Motor Vehicle Sales Finance Company License - In State

Agency:New Mexico Regulation and Licensing Department - Financial Institutions Division
Foreign Qualification is Prerequisite:Yes
Registered Agent (Special Agency) Required?Yes

Initial Registration

Instructions:

Requirements Checklist

Filing Method:

Online

Agency Fee:

$400 license/registration fee

Registration Renewal

Filing Method:

Online

Agency Fee:

$400

Due:

  • Licenses expire on December 31 of each year. Licensees are recommeded to renew by November 1.
  • Licenses issued in November or December remain valid through the next renewal period.

New Mexico Motor Vehicle Sales Finance Company License - Out Of State

Agency:New Mexico Regulation and Licensing Department - Financial Institutions Division
Foreign Qualification is Prerequisite:Yes
Registered Agent (Special Agency) Required?Yes

Initial Registration

Instructions:

Requirements Checklist

Filing Method:

Online

Agency Fee:

$500 license/registration fee

Registration Renewal

Filing Method:

Online

Agency Fee:

$500

Due:

  • Licenses expire on December 31 of each year. Licensees are recommeded to renew by November 1.
  • Licenses issued in November or December remain valid through the next renewal period.

New Mexico Repossessor License

Agency:New Mexico Regulation and Licensing Department - Financial Institutions Division
Foreign Qualification is Prerequisite:Yes
Registered Agent (Special Agency) Required?Yes

Initial Registration

Instructions:

Requirements Checklist

Filing Method:

Online

Agency Fee:

$250 license/registration fee

Registration Renewal

Filing Method:

Online

Agency Fee:

$250

Due:

  • Licenses expire on November 30 of each year. Licensees are recommeded to renew by November 1.
  • Licenses issued in November or December remain valid through the next renewal period.

Individual Licenses

New Mexico Individual Financial Services Licenses

New Mexico Collection Agency Manager License

Agency:New Mexico Regulation and Licensing Department - Financial Institutions Division

Initial Registration

Form:

Collection Agency and Manager Original Application

Agency Fee:

$100

Registration Renewal

Form:

Collection Agency and Manager Renewal Application

Agency Fee:

$50

Due:

Annually by June 30.

New Mexico Mortgage Loan Originator License

Agency:New Mexico Regulation and Licensing Department - Financial Institutions Division

Initial Registration

Instructions:

Requirements Checklist

Filing Method:

Online

Agency Fee:

$30 + $200 license/registration fee + $200 application fee + $15 credit report fee + $36.25 background check fee

Registration Renewal

Filing Method:

Online

Agency Fee:

$200

Due:

  • Licenses expire on December 31 of each year. Licensees are recommeded to renew by December 15.
  • Licenses issued in November or December remain valid through the next renewal period.

Explore licensing in other states:

Alabama Alaska Arizona Arkansas California Colorado Connecticut Delaware District of Columbia Florida Georgia Hawaii Idaho
Illinois Indiana Iowa Kansas Kentucky Louisiana Maine Maryland Massachusetts Michigan Minnesota Mississippi Missouri
Montana Nebraska Nevada New Hampshire New Jersey New Mexico New York North Carolina North Dakota Ohio Oklahoma Oregon Pennsylvania
Rhode Island South Carolina South Dakota Tennessee Texas Utah Vermont Virginia Washington West Virginia Wisconsin Wyoming
Revised April 19, 2024. Complete data last reviewed January 08, 2019.
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