New Mexico Statutes 58-28-3. Land title trust fund created
Current as of: 2023 | Check for updates
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The “land title trust fund” is created. The New Mexico mortgage finance authority shall be the trustee for the fund. The trustee shall deposit in the fund money received by it pursuant to the Low-Income Housing Trust Act N.M. Stat. Ann. § 58-18B-1 to 58-18B-10.
Terms Used In New Mexico Statutes 58-28-3
- Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
- Trustee: A person or institution holding and administering property in trust.