There is a newer version of the New Mexico Statutes
2011 New Mexico Statutes
Chapter 58: Financial Institutions and Regulations
Article 10: Savings and Loan Associations, 58-10-1 through 58-10-111
Section 58-10-49: Appraisals of real estate owned.
NM Stat § 58-10-49 (1996 through 1st Sess 50th Legis) What's This?
58-10-49. Appraisals of real estate owned.
Every association shall appraise every parcel of real estate at the time of acquisition and upon completion of any permanent improvements. The report of the appraisal shall be in writing and kept in the records of the association.
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