§ 4-55D-1 Short title
§ 4-55D-2 Definitions
§ 4-55D-3 Ordinance establishing the program
§ 4-55D-4 Approval of special assessment
§ 4-55D-5 Imposition of special assessment; amount; collection;
§ 4-55D-6 Delinquent special assessment payments; enforcement of special assessment liens
§ 4-55D-7 Special assessment financing
§ 4-55D-8 Eligible costs; additional criteria prohibited
§ 4-55D-9 Program guidebook; program administrator
§ 4-55D-10 Immunity
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Terms Used In New Mexico Statutes > Chapter 4 > Article 55D - Improvement Special Assessment

  • Contract: A legal written agreement that becomes binding when signed.
  • Foreclosure: A legal process in which property that is collateral or security for a loan may be sold to help repay the loan when the loan is in default. Source: OCC
  • Grantor: The person who establishes a trust and places property into it.
  • Interest rate: The amount paid by a borrower to a lender in exchange for the use of the lender's money for a certain period of time. Interest is paid on loans or on debt instruments, such as notes or bonds, either at regular intervals or as part of a lump sum payment when the issue matures. Source: OCC
  • Lien: A claim against real or personal property in satisfaction of a debt.
  • Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
  • Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.