Notwithstanding any provision of the statutory or common laws of this state to the contrary, a lender may enter into or enforce a contract containing a due-on-sale clause with respect to a real property loan, except as provided in Sections 5 and 6 [ 48-7-19, 48-7-20 NMSA 1978] of this act.
§ 48-7-17 NMSA 1978
Due-on-sale generally enforceable
Laws 1983, ch. 314, § 3.
Official source: NMOneSource (New Mexico Compilation Commission). Reproduced from public-domain New Mexico statutes; confirm against the official source for the current text. Not legal advice.