N.M. Stat. § 56-12-4
Permits required; inspection fee; penalty.
A. In addition to any occupational or other license required by the local government,
every pawnbroker shall obtain a pawnbroker permit from his local government, and that
permit shall be conspicuously displayed in the pawnbroker's place of business. Said
permit will expire on July 1 of each year and must be renewed by that date. Upon
obtaining the permit, every pawnbroker shall register with the local law enforcement
agency.
B. The local government may impose upon pawnbrokers a pawnbroker permit fee,
in an amount to be set by the local government, to cover the expense of administration
of the Pawnbrokers Act. No person who has been convicted of a felony shall be eligible
for a permit.
C. Doing business as a pawnbroker without a permit constitutes a violation of this
section and is subject to the general penalty provisions of the Pawnbrokers Act.