If you’re in New Mexico and have heard of the New Mexico Regulations and Licensing Department, you may wonder how they are related to you as a consumer – or maybe even a business owner!
The New Mexico Regulations and Licensing Department consists of different divisions that deal with alcohol licensing, 30 boards and commissions, state financial institutions, construction and manufactured housing, and securities:
- Alcohol and Gaming Division
- Financial Institutions Division
- Boards and Commissions Division
- Securities Division
- Construction Industries Division
Office of the Superintendent
The Office of the Superintendent helps regulate the divisions for residents to receive quality care and services from qualified professionals. The New Mexico Regulation and Licensing Department (RLD) makes sure your dentist, barber, or your optometrist is properly certified.
The Office certifies and regulates over 210,000 individuals and businesses across the state by sorting them into the five divisions listed above. The Office of the Superintendent makes sure they’re qualified in 35 different industries, professions, and trades.
Administrative Services Division (ASD)
The ASD includes Financial Services, Information Services, and Human Resources provide support to the Divisions and Boards and Commissions within the RLD in coordination with other state agencies like:
- Department of Finance and Administration
- Legislative Finance Committee
- State Purchasing
- State Treasurer’s Office
- Department of Information Technology
- State Personnel Office
The Financial Services function provides fiscal support and oversight, financial advice, accounting, budget preparation and management, procurement, and fleet/telecommunication services.
Human Resources ensures that compliance is up-to with all the federal and state laws, personnel and payroll rules and regulations, agency policies and procedures, and bargaining standards.
The Information Technology (IT) bureau provides a comprehensive and standardized approach to the effective use of information technology:
- Application support
- RLD public website
- Help desk
- VOIP telecommunications
- Storage management
- Backup and recovery services
Alcohol and Gaming Division
The Alcohol and Gaming Division issues, transfers, and revokes liquor licenses as specified in the Liquor Control Act. They administer the Alcohol Server Training Program which helps educating licensees and servers to prevent the sales of alcohol to minors.
The Division also approves the issuance of new licenses for Non-Dispenser Type Licenses like:
- Craft Distiller
- Small Brewer
For Dispenser Type License, they handle the Sale, Leasing, and Transfer of all existing licenses both for change in ownership/location. They also publish a list of the most recent liquor license sales prices. This Division also issues Public Celebration Permits and Special Dispenser Permits (picnic licenses) for special events.
Financial Institutions Division
The primary function of the Financial Institutions Division is to license and regulate financial institutions within its jurisdiction to promote a positive financial and economic environment, as well as safeguarding consumers rights.
The Division regulates:
- State-chartered banks
- Trust companies
- Savings and loans
- Credit unions
- Mortgage loan companies
- Small loan companies
- Money service business
- Escrow companies
The Division also licenses other financial institutions like:
- Small loan companies
- Collection agencies
- Mortgage firms
There is also consumer protection for over 14,700 financial institutions in New Mexico. With their compliance, it’s a primary focus compiled of different rules, regulations, and acts related to non-depository industries.
Boards and Commissions Division
The Boards and Commissions Division licenses and regulates more than 30 different professions and specialized trades. It establishes the standards on education and training to make sure residents receive the quality and services from their qualified professionals.
The members of the boards and commissions work closely with the Superintendent to protect consumer rights and promote good business practices for economic growth. You can find the Individual Boards and Commissions on their website.
The Securities Division is about investor protection. They seek to preserve and strengthen a free and competitive securities market, increase investor confidence, and encourage the formation of capital, promote integrity, fairness, and full disclosure. The Division:
- Licenses stock brokers and investment advisers who assist and advise investors
- Review and approve some investment opportunities before raising capital
- Discover, stop, and prosecute those who violate the laws
- Educate residents about proper ways of raising investment capital, and the risks of investing.
The entire division includes specialists in consumer education, compliance, investigation, and law. The Securities Division also has the following bureaus within it:
- Consumer Protection and Investor Education – develops and implements programs, provides presentations, and participates in outreach events
- Enforcement – pursues criminal and civil actions against individuals or firms accused of defrauding investors
- Compliance – reviewing all public, non-traded offerings of securities
Construction Industries & Manufactured Housing Division
The Construction Industries and Manufactured Housing Division protects consumers with licensing and regulating the industry through different policies that promote business growth, safety, and general welfare of the public while:
- Ensuring the construction is performed in a safe, competent, and professional manner
- Licensing contractors and enforcing licensing laws
- Requiring licensure for any person practicing or offering to practice construction contracting
- Enforcing the laws, regulations, and standards governing construction
- Providing resolution to disputes that arise
Overall, they are responsible for issuing residential and commercial building permits. They conduct field inspections for general building, electrical, mechanical, and LP Gas code compliance and safety standards.
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