State Codes and Statutes
Statutes > New-mexico > Chapter-48 > Article-7 > Section-48-7-2348-7-23. 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.
