{"data":{"id":"us-nm/48-7-23","jurisdiction":"us-nm","citation":"48-7-23","heading":"Governmental entity limitation of act.","body":"The provisions of Section 5 [48-7-19 NMSA 1978] of this act shall not apply to the transfer of a real property loan where the funds for the real property loans were provided through the issuance by a governmental entity or instrumentality of bonds the interest on which is exempt from federal income taxation and the transfer fails to conform to state and federal law governing the bonds.","path":["Chapter 48 - Liens and Mortgages","ARTICLE 7 Mortgages"],"source_url":"https://nmonesource.com/nmos/nmsa-unanno/en/item/18551/index.do","current_through":"2024-07-01","vintage":"","retrieved_at":"2026-09-03T15:02:20Z","sha256":"7a2fb9e9d6817737bc0fcea123f527e4ac51dc3cbab17709b2aa163f12d85c9a","source_id":"us-nm","stale":false,"prev":"us-nm/48-7-22","next":"us-nm/48-7-24"},"notice":"GroundRules: Original legal text. Not legal advice."}