Section 56-12-12 - Record of disposition of pledged property.
56-12-12. Record of disposition of pledged property.
Every pawnbroker shall keep a permanent record, fully itemized, of all pledged property disposed of following default by the pledgor. The record shall include the following:
A. the number of the pawn transaction;
B. the name and address of the pledgor;
C. the date of the pawn transaction and the date of the last payment received as service charge or on principal;
D. the date of disposition of the pledged property pursuant to Section 11 [56-12-11 NMSA 1978] of the Pawnbrokers Act;
E. the method of disposition of the pledged property; and
F. the amount and disposition of any surplus following disposition of the pledged property.