New Mexico Statutes
§ 48-7-21 — Security; safeguard
New Mexico § 48-7-21
This text of New Mexico § 48-7-21 (Security; safeguard) 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. § 48-7-21 (2026).
Text
Any lender who feels the security interest is endangered by the transfer of a real property loan may proceed by foreclosure; provided that the lender shall, as a condition to such foreclosure, prove that the security interest in the property would be substantially impaired.
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Legislative History
Laws 1983, ch. 314, § 7.
Nearby Sections
15
§ 48-1-1
Federal lien; place of filing§ 48-1-3
Duties of filing officer§ 48-1-4
Repealed§ 48-1-5
Uniformity of interpretation§ 48-1-6
Short title§ 48-10-1
Short title§ 48-10-11
Notice of trustee's sale§ 48-10-14
Payment of bid; trustee's deed§ 48-10-15
Disposition of proceeds of sale§ 48-10-16
RedemptionCite This Page — Counsel Stack
Bluebook (online)
New Mexico § 48-7-21, Counsel Stack Legal Research, https://law.counselstack.com/statute/nm/48/48-7-21.