N.M. Stat. § 58-21A-8

Subterfuge prohibited.

Last amended: 2003Year: 2026Length: 62 wordsOfficial source
No person shall, with the intent to avoid the application or provisions of the Home Loan Protection Act: A. divide a loan transaction into separate parts; B. structure a home loan transaction as an open-end loan when the loan would have been a high-cost home loan if the loan had been structured as a closed-end loan; or C. perform any other subterfuge.
N.M. Stat. § 58-21A-8: Subterfuge prohibited. | Justis AI