There is a newer version of the New Mexico Statutes
2013 New Mexico Statutes
Chapter 58 - Financial Institutions and Regulations
Article 21 - Mortgage Loan Companies and Loan Brokers
Section 58-21-21 - Fraud unlawful. (2009)
NM Stat § 58-21-21 (2013) What's This?
58-21-21. Fraud unlawful. (2009)
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.
History: Laws 1983, ch. 86, § 21; 2009, ch. 122, § 43.
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