New Mexico Statutes 40-4-16. [Satisfaction of liens.]
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The liens created by this act N.M. Stat. Ann. § 40-4-12 to 40-4-19 may be satisfied by execution or may be foreclosed under the same procedure as is now allowed for the foreclosure of judgment liens.
Terms Used In New Mexico Statutes 40-4-16
- 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