N.M. Stat. § 58-32-902
Hearings.
Except as otherwise provided in Subsection C of Section 205 [58-32-205 NMSA
1978], Subsection C of Section 304 [58-32-304 NMSA 1978], Subsection C of Section
404 [58-32-404 NMSA 1978] and Sections 803, 805 and 808 [58-32-803, 58-32-805,
58-32-808 NMSA 1978]of the Uniform Money Services Act, the director shall not
suspend or revoke a license, place a licensee in receivership, issue an order to cease
and desist, suspend or revoke the designation of an authorized delegate or assess a
civil penalty without notice and an opportunity to be heard. The director shall also hold a
hearing when requested to do so by an applicant whose application for a license is
denied.