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2021 New Mexico Statutes
Chapter 58 - Financial Institutions and Regulations
Article 10 - Savings and Loan Associations
Section 58-10-37 - Dealing in real estate loans.
Universal Citation:
NM Stat § 58-10-37 (2021)
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Every association may purchase real estate loans upon security of the same character against which the association may make an original loan and also may lend money on the security of such real estate loans.
History: 1953 Comp., § 48-15-81, enacted by Laws 1967, ch. 61, § 37.
ANNOTATIONSAm. Jur. 2d, A.L.R. and C.J.S. references. — 10 Am. Jur. 2d Banks §§ 282 to 284.
9 C.J.S. Banks and Banking § 606; 12 C.J.S. Building and Loan Associations § 65.
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