N.M. Admin. Code § 13.14.9.28
The premium for NM form 41 and 42 shall be established in a title rate case. If an NM 41 form is issued and an owner's policy is issued following completion of the foreclosure, the owner's policy shall qualify for a reissue rate ordered by the superintendent in a title rate case. All liability insured above the amount of the foreclosure title insurance policy for a new owner's policy must be computed at the basic premium rates in the applicable bracket. If an NM form 41 is issued and if the foreclosure is not completed or is terminated by reinstatement of the pertinent security instrument, and a new owner's policy is issued to a new purchaser within one year of the date of the NM form 41, a percentage of the premium paid for the NM form 41 shall be credited toward the new owner's policy premium as established by the superintendent in a title rate case.
N.M. Admin. Code § 13.14.9.28