New Mexico Debt Management license
New Mexico PROHIBITS Debt Management Companies
Pursuant to New Mexico law, N.M. Stat. Ann. §56-2-1 et seq., Debt management companies are prohibited from operating in New Mexico. Read the statute here.
Certificate of Authority
If you want to engage in a business other than a debt management business, then with certain limited exceptions a New Mexico Certificate of Authority is required if a company does business in New Mexico regardless of where the company is located.
A certificate of authority (also known as a certificate of registration) is a document that the State of New Mexico requires companies not incorporated in New Mexico to obtain before “transacting business” within the state borders of New Mexico.
Debt management companies are NOT ALLOWED to operate in New Mexico per statute.
FOR BUSINESSES OTHER THAN DEBT MANAGEMENT COMPANIES:
The filing fee for a foreign limited liability company to register a New Mexico Certificate of Authority is $100.
The filing fee for a foreign corporation to register a New Mexico Certificate of Authority is $200.
Do you want to check on other states’ requirements for obtaining a New Debt Management license? Click here.
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Want to verify if an existing company is licensed in another state as a Debt Management company? Click here.