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§ 58-21-21 NMSA 1978

Fraud unlawful

Known as the Mortgage Loan Company Act

The act spans §§ 58–58 (34 sections).

Laws 1983, ch. 86, § 21; 2009, ch. 122, § 43.

It is unlawful for any mortgage loan company in connection with the origination, brokering, negotiating or making of any mortgage loan, directly or indirectly, to:

A. employ any device, scheme or artifice to defraud; or

B. engage in any act, practice or course of business that operates or would operate as a fraud or deceit upon any person.

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.