New Mexico Statutes 3-36-5. Municipal lien; provisions supplementary to other methods of foreclosing liens
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The provisions of Sections 3-36-1 through 3-36-5 N.M. Stat. Ann., are intended to afford another and additional method of filing and enforcing municipal liens and are not intended to be construed as repealing any other method provided by law for the filing and foreclosure of liens.
Terms Used In New Mexico Statutes 3-36-5
- 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