There is a newer version of the New Mexico Statutes
2011 New Mexico Statutes
Chapter 48: Liens and Mortgages
Article 7: Mortgages, 48-7-1 through 48-7-24
Section 48-7-17: Due-on-sale generally enforceable.
NM Stat § 48-7-17 (1996 through 1st Sess 50th Legis) What's This?
48-7-17. Due-on-sale generally enforceable.
Notwithstanding any provision of the statutory or common laws of this state to the contrary, a lender may enter into or enforce a contract containing a due-on-sale clause with respect to a real property loan, except as provided in Sections 5 and 6 [48-7-19 and 48-7-20 NMSA 1978] of this act.
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