{"data":{"id":"us-nm/47-16-11","jurisdiction":"us-nm","citation":"47-16-11","heading":"Contract disclosure statement or disclosure certificate; right of cancellation of purchase contract.","body":"Except as provided in Section 12 [47-16-12 NMSA 1978] of the Homeowner Association Act, a person selling a lot that is subject to an association shall provide in writing a disclosure certificate that states that the lot is located within a development that is subject to an association. If the lot is located within a development that is subject to an association and the association is subject to the Homeowner Association Act:\nA. A seller or the seller's agent shall obtain a disclosure certificate from the association and provide it to the purchaser no later than seven days before closing; and\nB. A purchaser or the purchaser's agent has the right to cancel the purchase contract within seven days after receiving the disclosure certificate.","path":["Chapter 47 - Property Law","ARTICLE 16 Homeowner Association"],"source_url":"https://nmonesource.com/nmos/nmsa-unanno/en/item/18550/index.do","current_through":"2026-07-01","vintage":"","retrieved_at":"2026-09-03T15:02:19Z","sha256":"e5aacc1007285621c5f43f38b0dbd19cae8b518c5fb5617e0ccf85a151ec02b1","source_id":"us-nm","stale":false,"prev":"us-nm/47-16-10","next":"us-nm/47-16-12"},"notice":"GroundRules: Original legal text. Not legal advice."}