N.M. Code R. § 12.16.60.7

Current through Register Vol. 35, No. 11, June 11, 2024

Section 12.16.60.7 - DEFINITIONS

A. "Activities that are part of the business of banking" means activities authorized by the New Mexico Banking Act.

B. "Activities that are incidental to the business of banking" means activities permissible under paragraphs 1863 and 1864(f) of the Bank Service Corporation Act ( 12 U.S.C. Sections 1861 - 1867 ), except as otherwise restricted by applicable state law; and other activities approved by the director of the financial institutions division.

N.M. Code R. § 12.16.60.7

11/15/96; Recompiled 10/15/01