{"data":{"id":"us-nm/47-7d-1","jurisdiction":"us-nm","citation":"47-7D-1","heading":"Requirement for disclosure statement.","body":"A. Except as provided in Subsection B of this section, Sections 53 through 72 of the Condominium Act apply to all units restricted to residential use subject to that act [47-7A-1 through 47-7D-20 NMSA 1978].\nB. Neither a disclosure statement nor a resale certificate need be prepared or delivered in the case of:\n(1) a gratuitous disposition of a unit;\n(2) a disposition pursuant to court order;\n(3) a disposition by a government or governmental agency;\n(4) a disposition by foreclosure or deed in lieu of foreclosure;\n(5) a disposition to a person in the business of selling real estate who intends to offer those units to purchasers;\n(6) a disposition that may be canceled at any time and for any reason by the purchaser without penalty;\n(7) a disposition to a nonresident alien; or\n(8) a disposition of a unit restricted to nonresidential use.","path":["Chapter 47 - Property Law","ARTICLE 7D Condominium Act - Protection of Condominium Purchasers"],"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":"473147a429347c503e0cdfa765c7b3e3182f78c990742bce37d739254becfa90","source_id":"us-nm","stale":false,"prev":"us-nm/47-7c-19","next":"us-nm/47-7d-2"},"notice":"GroundRules: Original legal text. Not legal advice."}