Compliance with federal and state law
Known as the Mortgage Loan Company Act
The act spans §§ 58–58 (34 sections).
Laws 1983, ch. 86, § 19; 1984, ch. 15, § 3; 2001, ch. 251, § 12; 2001, ch. 264, § 12; 2003, ch. 436, § 17; 2009, ch. 122, § 41.
In connection with any loan originated, brokered, negotiated or made by a licensee pursuant to the Mortgage Loan Company Act, a licensee shall comply with:
A. applicable federal or state laws;
B. the provisions of the Home Loan Protection Act; and
C. the provisions of the New Mexico Mortgage Loan Originator Licensing Act [ 58-21B-1 to 58-21B-24 NMSA 1978].
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.