{"data":{"id":"us-nm/56-8-30","jurisdiction":"us-nm","citation":"56-8-30","heading":"No prepayment penalty on home loans.","body":"No provision in a home loan or a loan for a mobile home, the evidence of indebtedness of a home loan, a real estate contract or an obligation secured by a real estate mortgage or other purchase contract requiring a penalty or premium for prepayment of an installment payment or prepayment of the balance of the indebtedness is enforceable.","path":["Chapter 56 - Commercial Instruments and Transactions","ARTICLE 8 Money, Interest and Usury"],"source_url":"https://nmonesource.com/nmos/nmsa-unanno/en/item/18559/index.do","current_through":"2024-04-26","vintage":"","retrieved_at":"2026-09-03T15:02:20Z","sha256":"70445125f0c73407b1674f1881aa1856e3b796ac5ea8db5092d83ce09ef069ad","source_id":"us-nm","stale":false,"prev":"us-nm/56-8-29","next":"us-nm/56-9-1"},"notice":"GroundRules: Original legal text. Not legal advice."}