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§ 59A-30-6.2 NMSA 1978

Premiums; Indian nation, tribe or pueblo trust property

Known as the New Mexico Title Insurance Law

The act spans §§ 59–59 (19 sections).

1978 Comp., § 59A-30-6.2, as enacted by Laws 2009, ch. 80, § 9.

Title insurance policies purchased in association with the acquisition of title to property by the United States in trust for a federally recognized Indian nation, tribe or pueblo located wholly or partially in New Mexico where no monetary consideration is paid, shall be issued subject to the promulgated or filed and approved premium rates for the original issuance of a title insurance policy on the same property for an amount equal to the reduced liability limit for the acquisition provided for by the United States department of justice, unless a higher liability amount is required by the United States.

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.