N.M. Code R. § 12.15.3.10
Current through Register Vol. 35, No. 11, June 11, 2024
The "conforming loan size limit for a single-family dwelling established by the federal national mortgage association," referred to in Section 58-21A-3(J) NMSA 1978, is the maximum original principal obligation set forth in, and from time to time adjusted, according to the provisions of 12 U.S.C. Section 1454(a)(2), applicable to first mortgages. "The federal national mortgage association" refers to fannie mae, the corporation initially organized pursuant to 12 USC 1716(b).
N.M. Code R. § 12.15.3.10