N.M. Admin. Code § 13.14.7.17

Current through Register Vol. 35, No. 20, October 22, 2024

Section 13.14.7.17 - REPLACING LOAN POLICY UPON RECEIVERSHIP

Issuance of a replacement loan policy shall be governed by the rules applicable to a replacement owner's policy, except that a title insurer or agency shall accept as evidence either a replacement loan policy or a loan policy of an insurer under receivership, or a copy of the same, for purposes of providing any applicable discount.

6-16-86; 13.14.7.17 NMAC - Rn, 13 NMAC 14.7.17, 5-15-00; A, 10-1-12; A, 7-31-14, Amended by New Mexico Register, Volume XXVI, Issue 24, December 30, 2015, eff. 3/1/2016, Adopted by New Mexico Register, Volume XXXI, Issue 24, December 29, 2020, eff. 1/1/2021