A. If a hearing has been held in regard to an order made pursuant to Section 58-10-80 or 58-10-81 NMSA 1978 and the supervisor's order is continued either in its original form or a modified form, the order is final when the supervisor enters his decision in the record of the hearing after the hearing. If no hearing is requested on the order, the order is final after the expiration of thirty days from the date the order is entered by the supervisor.

B. The supervisor's decision after any hearing under the Savings and Loan Act shall be served on each party of record and shall contain the same elements as required in Section 58-10-13 NMSA 1978. Any party aggrieved by the decision of the supervisor after hearing may appeal to the district court pursuant to the provisions of Section 39-3-1.1 NMSA 1978.

History: 1953 Comp., § 48-15-125, enacted by Laws 1967, ch. 61, § 81; 1998, ch. 55, § 54; 1999, ch. 265, § 57.

Cross references. — For procedure for appeal, see 58-10-92 NMSA 1978.

For meaning of "supervisor", see 58-10-2J NMSA 1978.

The 1999 amendment, effective July 1, 1999, substituted "Section 39-3-1.1" for "Section 12-8A-1" in Subsection B.

The 1998 amendment, effective September 1, 1998, in Subsection A, substituted "pursuant to Section 58-10-80 or 58-10-81 NMSA 1978" for "under Sections 78 or 79 of the Savings and Loan Act", inserted "his decision" and deleted "his decision" following "hearing"; in Subsection B, inserted "as", substituted "58-10-13 NMSA 1978" for "13 of the Savings and Loan Act" and substituted "pursuant to the provisions of Section 12-8A-1 NMSA 1978" for "in the county in which the party resides or in which its principal office is located".