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2025 New Mexico Statutes
Chapter 48 - Liens and Mortgages
Article 7 - Mortgages
Section 48-7-21 - Security; safeguard.
Universal Citation:
NM Stat § 48-7-21 (2025)
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Any lender who feels the security interest is endangered by the transfer of a real property loan may proceed by foreclosure; provided that the lender shall, as a condition to such foreclosure, prove that the security interest in the property would be substantially impaired.
History: Laws 1983, ch. 314, ยง 7.
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