New Mexico Statutes
§ 48-7-21 — Security; safeguard
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Repealed§ 48-1-5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
Redemption