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NEW MEXICO STATUTES AND CODES
Section 48-7-23 - Governmental entity limitation of act.
48-7-23. Governmental entity limitation of act.
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.
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