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NMLast updated: 2026-01
New Mexico Regulations
Comprehensive guide to seller financing laws, usury limits, and disclosure requirements in New Mexico.
Maximum Interest Rate
None
Business exemptions may apply
Usury Laws
Interest rate limits and penalties
Maximum Rate
No Limit
Penalty Type
No specific penalty
Notes
New Mexico has no general usury statute.
Business Exemption
No general usury limit for most loans.
Seller Financing Requirements
Disclosures, licensing, and restrictions
Required Disclosures
- Property Disclosure Statement
- Lead-based paint disclosure (pre-1978)
Licensing Required
No license required
No license required for seller financing own property.
Consumer Protection
Applicable laws protecting buyers
- New Mexico Unfair Practices Act
Real Estate Specifics
Foreclosure process and property laws
- Mortgage state (judicial foreclosure)
- 9-month redemption period
- Deficiency judgments may be limited
Legal Disclaimer
This information about New Mexico regulations is provided for educational purposes only and does not constitute legal or tax advice. Laws change frequently and vary by county and municipality. Always verify current regulations with a licensed New Mexico attorney before entering into any seller financing arrangement.