N.M. Code R. § 12.15.3.13
Current through Register Vol. 35, No. 11, June 11, 2024
For purposes of the act, the term "credit property insurance," does not include fire and hazard insurance, flood insurance, federal housing administration (FHA) mortgage insurance, veteran's administration (VA) loan guarantees, guaranteed rural housing (GRH) loan guarantees and private mortgage insurance that would compensate the holder of a home loan directly for any shortfall between the value of the real property securing the loan and the amount owed on an obligation in default.
N.M. Code R. § 12.15.3.13