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NEW MEXICO STATUTES AND CODES
Section 56-8-10 - Farm, ranch and agriculture loans.
56-8-10. Farm, ranch and agriculture loans.
The provisions of Subsections C, D and E of Section 56-8-9 NMSA 1978 are not applicable to loans secured by a first mortgage on farm, ranch or agricultural real estate where the purpose of the loan is primarily for farming, ranching or agricultural purposes.
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