N.M. Stat. § 58-21-21
Fraud unlawful.
It is unlawful for any mortgage loan company in connection with the origination,
brokering, negotiating or making of any mortgage loan, directly or indirectly, to:
A. employ any device, scheme or artifice to defraud; or
B. engage in any act, practice or course of business that operates or would operate
as a fraud or deceit upon any person.