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§ 58-21A-8 NMSA 1978

Subterfuge prohibited

Known as the Home Loan Protection Act

The act spans §§ 58–58 (14 sections).

Laws 2003, ch. 436, § 8.

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.

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.