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NEW MEXICO STATUTES AND CODES

Section 48-7-17 - Due-on-sale generally enforceable.

48-7-17. Due-on-sale generally enforceable.

Notwithstanding any provision of the statutory or common laws of this state to the contrary, a lender may enter into or enforce a contract containing a due-on-sale clause with respect to a real property loan, except as provided in Sections 5 and 6 [48-7-19 and 48-7-20 NMSA 1978] of this act.   

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