N.M. Admin. Code § 12.15.1.14
It is recognized that the federal deposit insurance corporation, the federal reserve system, the comptroller of the currency, the national credit union administration, the office of thrift supervision and the financial institutions division have promulgated, or may, in the future, promulgate regulations governing the manner in which a lending institution or any of its affiliates and an annuity agent may engage in the sale of annuities. It is further recognized that there may exist differences in scope and coverage between this regulation and those promulgated by federal regulatory agencies. It is not the intent of this regulation to permit any practice which is not permitted by the appropriate state or federal agency. To the contrary, besides any other restriction or limitation stated herein, each lending institution or any of its affiliates and each annuity agent must fully comply with the regulations of the applicable state or federal regulatory agency.
N.M. Admin. Code § 12.15.1.14