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New Mexico Statutes Chapter 48. Liens and Mortgages § 48-2A-4. Requirements for disclosure; owners and construction lenders

Current as of January 01, 2024 | Updated by FindLaw Staff

A. In every instance where an original contractor proposes to contract with a subcontractor or materialman or both for any site improvement, the original contractor shall inform the subcontractor and materialman of:

(1) the name and address of the owner of the residential site;

(2) the name and address of the construction lender lending the funds, if any, and the loan officer who actually made the construction loan, if any, for the site improvement; and

(3) the accurate legal description of the residential site, if available, however in all cases a description of the residential site sufficient for identification.

B. Where a subcontractor contracts with another subcontractor for labor or a materialman to provide materials for any site improvement, he shall, upon request, inform the contractor or materialman of:

(1) the name and address of the owner of the residential site;

(2) the name and address of the construction lender lending the funds, if any, and the loan officer who actually made the construction loan, if any, for the site improvement; and

(3) the accurate legal description of the residential site.

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Cite this article: FindLaw.com - New Mexico Statutes Chapter 48. Liens and Mortgages § 48-2A-4. Requirements for disclosure; owners and construction lenders - last updated January 01, 2024 | https://codes.findlaw.com/nm/chapter-48-liens-and-mortgages/nm-st-sect-48-2a-4/

Read this complete New Mexico Statutes Chapter 48. Liens and Mortgages § 48-2A-4. Requirements for disclosure; owners and construction lenders on Westlaw. Westlaw subscription required.

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