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New Mexico Statutes Chapter 48. Liens and Mortgages § 48-7-18. Real property loan contract controls

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

Except as otherwise provided in Sections 5 and 6 of this act, the exercise by the lender of its option pursuant to a due-on-sale clause shall be exclusively governed by the terms of the loan contract, and all rights and remedies of the lender and the borrower shall be fixed and governed by the contract.

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Cite this article: FindLaw.com - New Mexico Statutes Chapter 48. Liens and Mortgages § 48-7-18. Real property loan contract controls - last updated January 01, 2024 | https://codes.findlaw.com/nm/chapter-48-liens-and-mortgages/nm-st-sect-48-7-18/

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