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Section 56-12-12 - Record of disposition of pledged property.

NM Stat § 56-12-12 (2019) (N/A)
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Every pawnbroker shall keep a permanent record, fully itemized, of all pledged property disposed of following default by the pledgor. The record shall include the following:

A. the number of the pawn transaction;

B. the name and address of the pledgor;

C. the date of the pawn transaction and the date of the last payment received as service charge or on principal;

D. the date of disposition of the pledged property pursuant to Section 11 [56-12-11 NMSA 1978] of the Pawnbrokers Act;

E. the method of disposition of the pledged property; and

F. the amount and disposition of any surplus following disposition of the pledged property.

History: Laws 1985, ch. 228, § 12.

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Section 56-12-11 - Default; disposition of pledged property.
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Section 56-12-13 - Pawn service charge.