GroundRules
56-8-10: Farm, ranch and agriculture loans.
Where this section sits in the code
- Chapter 56 - Commercial Instruments and Transactions
- ARTICLE 8 Money, Interest and Usury
The provisions of Subsections C, D and E of Section 56-8-9 NMSA 1978 are not applicable to loans secured by a first mortgage on farm, ranch or agricultural real estate where the purpose of the loan is primarily for farming, ranching or agricultural purposes.
Collected 2026-09-03T15:02:20Z. Source file · JSON