Except as specifically provided in the Deed of Trust Act [ 48-10-1 to 48-10-21 NMSA 1978], no real property or any interest in it shall be sold under any power of sale contained in any mortgage, mortgage deed, trust deed or any other written instrument having the effect of a mortgage, which has been executed subsequent to the effective date of Laws 1929, Chapter 139, Section 1.
§ 48-7-7 NMSA 1978
Sale of real property under power of sale; allowed if trustor agrees
Laws 1929, ch. 139, § 1; C.S. 1929, § 117-301; 1941 Comp., § 63-407; 1953 Comp., § 61-7-7; Laws 1987, ch. 61, § 23.
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.