N.M. Stat. § 56-12-14
Prohibited practices.
A pawnbroker shall not:
A. knowingly enter into a pawn transaction with a person under the age of eighteen
years or under the influence of alcohol, any narcotic, drug, stimulant or depressant;
B. make any agreement requiring the personal liability of a pledgor in connection
with the pawn transaction;
C. accept any waiver, in writing or otherwise, of any right or protection accorded a
pledgor under the Pawnbrokers Act;
D. fail to exercise reasonable care to protect pledged goods from loss or damage;
E. fail to return a pledged good to a pledgor upon payment of the full amount due to
the pawnbroker on the pawn transaction. In the event a pledged good is lost or
damaged while in the possession of the pawnbroker, the pawnbroker shall compensate
the pledgor for the reasonable value of the lost or damaged good;
F. make any charge for insurance in connection with a pawn transaction;
G. purchase or otherwise receive any item of property from which the
manufacturer's name plate, serial number or identification mark has been obviously
defaced, altered, covered or destroyed;
H. purchase or otherwise receive any item of property which the permitholder knows
is not lawfully owned by the person offering the same;
I. enter into a pawn transaction in which the unpaid principle [principal] balance
exceeds two thousand dollars ($2,000); or
J. require that any of the proceeds of any cash loan be spent at the pawnbroker's
place of business or in any other manner directed by the pawnbroker.