N.M. Stat. § 58-21A-8
Subterfuge prohibited.
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.