N.M. Stat. § 58-32-301
License required.
A. A person shall not engage in check cashing or advertise, solicit or hold itself out
as providing check cashing for which the person receives at least two thousand five
hundred dollars ($2,500) within a thirty-day period unless the person:
(1)
is licensed pursuant to Article 3 of the Uniform Money Services Act;
(2)
is licensed for money transmission pursuant to Article 2 of the Uniform
Money Services Act;
(3)
is licensed for currency exchange pursuant to Article 4 of the Uniform
Money Services Act; or
(4)
is an authorized delegate of a person licensed pursuant to Article 2 of the
Uniform Money Services Act.
B. A license pursuant to Article 3 of the Uniform Money Services Act is not
transferable or assignable.