N.M. Admin. Code § 12.20.35.9 - INSURED AND GUARANTEED RESIDENTIAL REAL ESTATE LOANS
A. Loans that are insured or guaranteed by a
public mortgage insur or may be made in amounts and with terms and conditions
of repayment acceptable to the insuring or guaranteeing agency.
B. A loan is insured or guaranteed by a
public mortgage insurer if:
(1) it comes
within the definitions of Sections 541.10 or 541.13 of the regulations for the
federal savings and loan system, or within the provisions of Title X of the
National Housing Act; or
(2) it is
insured or guaranteed by an agency or instrumentality of a state (a) whose full
faith and credit is pledged to support the insurance or guarantee, or (b) whose
insurance or guarantee program is approved by the federal home loan mortgage
corporation or the federal national mortgage association.
Notes
State regulations are updated quarterly; we currently have two versions available. Below is a comparison between our most recent version and the prior quarterly release. More comparison features will be added as we have more versions to compare.
No prior version found.