Chapter 58, Article 21A NMSA 1978 may be cited as the "Home Loan Protection Act".
History: Laws 2003, ch. 436, § 1; 2009, ch. 122, § 54.
ANNOTATIONSApplicability. — Laws 2003, ch. 436, § 19, effective June 20, 2003, provided that the provisions of the Home Loan Protection Act apply to all home loans made or entered into after January 1, 2004. Further, the effective date of the provisions of Section 10 of this act is July 1, 2003 and, on or after that date, no county or municipality shall enact or enforce any ordinance, resolution or rule regarding home loans that are subject to the Home Loan Protection Act or that, except for the delayed applicability date above, would otherwise be subject to that act.
The 2009 amendment, effective July 31, 2009, changed the reference to the act to the chapter and article of NMSA 1978.
Severability. — Laws 2009, ch. 122, § 60 provided that if any part or application of this act is held invalid, the remainder or its application to other situations or persons shall not be affected.