New Mexico Statutes 58-21-21. Fraud unlawful
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It is unlawful for any mortgage loan company in connection with the origination, brokering, negotiating or making of any mortgage loan, directly or indirectly, to:
Terms Used In New Mexico Statutes 58-21-21
- Fraud: Intentional deception resulting in injury to another.
- Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
- Mortgage loan: A loan made by a lender to a borrower for the financing of real property. Source: OCC
A. employ any device, scheme or artifice to defraud; or
B. engage in any act, practice or course of business that operates or would operate as a fraud or deceit upon any person.