New Mexico § 47-7D-1 Requirement for disclosure statement

New Mexico Statutes

§ 47-7D-1 — Requirement for disclosure statement

New Mexico § 47-7D-1

Ch. 47Property Law

Art. 7DCondominium Act - Protection of Condominium

This text of New Mexico § 47-7D-1 (Requirement for disclosure statement) is published on Counsel Stack Legal Research, covering New Mexico primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

N.M. Stat. Ann. § 47-7D-1 (2026).

Text

A. Except as provided in Subsection B of this section, Sections 53 through 72 of the Condominium Act apply to all units restricted to residential use subject to that act [47- 7A-1 through 47-7D-20 NMSA 1978]. B. Neither a disclosure statement nor a resale certificate need be prepared or delivered in the case of:

(1)a gratuitous disposition of a unit;

(2)a disposition pursuant to court order;

(3)a disposition by a government or governmental agency;

(4)a disposition by foreclosure or deed in lieu of foreclosure;

(5)a disposition to a person in the business of selling real estate who intends to offer those units to purchasers;

(6)a disposition that may be canceled at any time and for any reason by the purchaser without penalty;

(7)a disposition to a nonresident alien; or (8) a disposit

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A. Except as provided in Subsection B of this section, Sections 53 through 72 of the Condominium Act apply to all units restricted to residential use subject to that act [47- 7A-1 through 47-7D-20 NMSA 1978]. B. Neither a disclosure statement nor a resale certificate need be prepared or delivered in the case of: (1) a gratuitous disposition of a unit; (2) a disposition pursuant to court order; (3) a disposition by a government or governmental agency; (4) a disposition by foreclosure or deed in lieu of foreclosure; (5) a disposition to a person in the business of selling real estate who intends to offer those units to purchasers; (6) a disposition that may be canceled at any time and for any reason by the purchaser without penalty; (7) a disposition to a nonresident alien; or (8) a disposition of a unit restricted to nonresidential use.