There Is a Newer Version of the New Mexico Statutes
2011 New Mexico Statutes
Chapter 58: Financial Institutions and Regulations
Article 21: Mortgage Loan Companies and Loan Brokers, 58-21-1 through 58-21-32
Section 58-21-21: Fraud unlawful.
NM Stat § 58-21-21 (1996 through 1st Sess 50th Legis) What's This?
58-21-21. Fraud unlawful.
It is unlawful for any mortgage loan company in connection with the origination, brokering, negotiating or making of any mortgage loan, directly or indirectly, to:
A. employ any device, scheme or artifice to defraud; or
B. engage in any act, practice or course of business that operates or would operate as a fraud or deceit upon any person.
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