NM will require a 4 year degree if you were not licensed in another state before their law went into effect. I believe that was 2002 but I might be wrong.
I guess I'm of the same opinion that Richard is concerning competency. I'm pretty sure I could pass the NM exam but because I don't have a 4 yr. degree I will never know. I think the 4 year degree requirement will be in all states soon. The only problem with that is there are very few schools that offer the degree. When you pair that with low wages being paid in the industry the future is not bright.