N.M. Stat. § 48-7-23
§ 48-7-23. Governmental entity limitation of act
Year: 2026Length: 64 words
The provisions of Section 5 of this act shall not apply to the transfer of a real property loan where the funds for the real property loans were provided through the issuance by a governmental entity or instrumentality of bonds the interest on which is exempt from federal income taxation and the transfer fails to conform to state and federal law governing the bonds.