Statutes > New Mexico Statutes > Chapter 4 - Counties. > Article 55C - Solar Energy Improvement Special Assessment Act, 4-55C-1 through 4-55C-8. > Section 4-55C-7 - Solar energy improvement financing institutions; certification of qualified entities.

Section 4-55C-7 - Solar energy improvement financing institutions; certification of qualified entities.

4-55C-7. Solar energy improvement financing institutions; certification of qualified entities.

The financial institutions division of the regulation and licensing department shall promulgate rules for the certification of financial institutions or other entities as solar energy improvement financing institutions.  The rules shall ensure that a solar energy improvement financing institution is a member institution of the federal deposit insurance corporation or the national credit union administration or is an entity that the financial institutions division finds meets generally accepted criteria for financial stability and soundness.