2011 New Mexico Statutes
Chapter 58: Financial Institutions and Regulations
Article 18: Mortgage Finance Authority, 58-18-1 through 58-18-27
Section 58-18-7.1: Sale of project mortgage loans.


NM Stat § 58-18-7.1 (1996 through 1st Sess 50th Legis) What's This?

58-18-7.1. Sale of project mortgage loans.

All mortgage lenders are authorized to sell project mortgage loans to and to accept loans from the authority in accordance with the provisions of the Mortgage Finance Authority Act [58-18-1 NMSA 1978] and the rules and regulations of the authority. To the extent that any provisions of this section may be inconsistent with any provision of law of the state governing the affairs of mortgage lenders, which other provision of law does not by its terms expressly amend the Mortgage Finance Authority Act, the provisions of this section shall control.

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