N.M. Stat. § 58-32-206
Net worth.
A licensee pursuant to Article 2 [58-32-201 to 58-32-206 NMSA 1978] of the Uniform
Money Services Act shall maintain a net worth of at least the following amounts
determined in accordance with generally accepted accounting principles:
A. for one to four locations of the licensee and authorized delegates in New Mexico,
one hundred thousand dollars ($100,000); and
B. for five or more locations of the licensee and authorized delegates in New Mexico
or for an internet-based money services business, five hundred thousand dollars
($500,000).