Section 58-10-95 - Violations; criminal penalties.

58-10-95. Violations; criminal penalties.

It is unlawful for any person to knowingly violate any provision of the Savings and Loan Act [58-10-1 NMSA 1978] or any lawful rule or regulation or order of the supervisor and any person responsible for such violation is guilty:   

A.     of a misdemeanor punishable by imprisonment for a term not exceeding one year or a fine not exceeding five thousand dollars ($5,000) or both; or   

B.     if the violation was committed with intent to defraud, of a felony punishable by imprisonment for a term not exceeding five years or a fine not exceeding ten thousand dollars ($10,000) or both.