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Current as of January 01, 2024 | Updated by Findlaw Staff
In addition to other payments authorized by the Relocation Assistance Act, the displacing agency, as part of the cost of any program or project, may reimburse reasonable and necessary expenses incurred for:
A. recording fees, transfer taxes and other expenses incidental to conveying the property;
B. penalty costs for prepayment of any mortgage then existing entered into in good faith encumbering the real property if the mortgage is on record or has been filed for record as provided by law; and
C. the pro rata portion of real property taxes paid which are allocable to the period subsequent to the date of vesting of title in the displacing agency or the effective date of the possession of the real property by the displacing agency, whichever is earlier.
Cite this article: FindLaw.com - New Mexico Statutes Chapter 42. Actions and Proceedings Relating to Property § 42-3-8. Miscellaneous payments - last updated January 01, 2024 | https://codes.findlaw.com/nm/chapter-42-actions-and-proceedings-relating-to-property/nm-st-sect-42-3-8/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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