N.M. Stat. § 58-21A-8

Current through 2024, ch. 69

Section 58-21A-8 - Subterfuge prohibited

No person shall, with the intent to avoid the application or provisions of the Home Loan Protection Act:

A. divide a loan transaction into separate parts;

B. structure a home loan transaction as an open-end loan when the loan would have been a high-cost home loan if the loan had been structured as a closed-end loan; or

C. perform any other subterfuge.

NMS § 58-21A-8

Laws 2003, ch. 436, § 8.