N.M. Stat. § 48-7-17

Current through 2024, ch. 69
Section 48-7-17 - Due-on-sale generally enforceable

Notwithstanding any provision of the statutory or common laws of this state to the contrary, a lender may enter into or enforce a contract containing a due-on-sale clause with respect to a real property loan, except as provided in Sections 5 and 6 [48-7-19, 48-7-20 NMSA 1978] of this act.

NMS § 48-7-17

Laws 1983, ch. 314, § 3.