§ 58-28-1 Short title
§ 58-28-2 Definitions
§ 58-28-3 Land title trust fund created
§ 58-28-4 Trust accounts; escrow accounts; pooled interest-bearing transaction accounts; disposition of earned interest on certain accounts
§ 58-28-5 Use of money; eligible activities
§ 58-28-6 Conflict with federal requirements
§ 58-28-7 Matching funds
§ 58-28-8 Land title trust fund advisory committee created;

Terms Used In New Mexico Statutes > Chapter 58 > Article 28 - Land Title Trust Funds

  • Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
  • Escrow: Money given to a third party to be held for payment until certain conditions are met.
  • Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
  • National Credit Union Administration: The federal regulatory agency that charters and supervises federal credit unions. (NCUA also administers the National Credit Union Share Insurance Fund, which insures the deposits of federal credit unions.) Source: OCC
  • Oversight: Committee review of the activities of a Federal agency or program.
  • President pro tempore: A constitutionally recognized officer of the Senate who presides over the chamber in the absence of the Vice President. The President Pro Tempore (or, "president for a time") is elected by the Senate and is, by custom, the Senator of the majority party with the longest record of continuous service.
  • Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.
  • Remainder: An interest in property that takes effect in the future at a specified time or after the occurrence of some event, such as the death of a life tenant.
  • Trustee: A person or institution holding and administering property in trust.