This article [N.M. Stat. Ann. Chapter 59A, Article 28] shall apply only with respect to contracts of mortgage guaranty insurance as defined in Section 112 [59A-7-6 N.M. Stat. Ann.] of the Insurance Code. Such contracts are also subject to the applicable provisions of Article 18 [N.M. Stat. Ann. Chapter 59A, Article 18] (the insurance contract) of the Insurance Code.

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Terms Used In New Mexico Statutes 59A-28-1

  • Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
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