(Deming) – The state is taking  over Mimbres Valley Escrow.

Orders for declaratory judgment  and permanent injunctive relief were filed Friday against Mimbres Valley Escrow  Services and owners Anna and Jesus Delgado.

The orders, filed in  the First Judicial District Court in Santa Fe, state that Mimbres Valley Escrow  has been conducting its business in an unsafe and injurious manner… has been  conducting its business in violation of the Escrow Company Act and accompanying  regulations… that the assets or capital of the business are impaired… and that  irreparable harm has occurred within the business. 

The permanent  injunction means the Delgados and their family members or agents are prohibited  from entering Mimbres Valley
Escrow at 507 South Gold, removing documents from  the business, or conducting business transactions as Mimbres Valley  Escrow.

The order also states  that the New Mexico Financial Institutions Division will oversee business  management, auditing and
day-to-day business transactions for Mimbres Valley  Escrow. The state was granted  immediate access.

Mimbres Valley Escrow  Services customers with questions about their accounts should call the state  Financial Institutions
Division at 505-476-4692 or visit the website  rld.state.nm.us/financialinstitutions.