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2014 New Mexico Statutes
Chapter 48 - Liens and Mortgages
Section 7 Mortgages
Section 48-7-23 Governmental entity limitation of act.

NM Stat § 48-7-23 (2014) What's This?
48-7-23. Governmental entity limitation of act.
The provisions of Section 5 [48-7-19 NMSA 1978] of this act shall not apply to the transfer of a real property loan where the funds for the real property loans were provided through the issuance by a governmental entity or instrumentality of bonds the interest on which is exempt from federal income taxation and the transfer fails to conform to state and federal law governing the bonds.
History: Laws 1983, ch. 314, 9.

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