2021 New Mexico Statutes
Chapter 47 - Property Law
Article 11 - Time Shares

Section 47-11-1 - Short title. - This act [47-11-1 to 47-11-13 NMSA 1978] may be cited...

Section 47-11-2 - Definitions. - As used in the New Mexico Time Share Act: A....

Section 47-11-2.1 - Registration required of time share projects; real estate salesperson license required. - A. It shall be unlawful for any person in this...

Section 47-11-3 - Time shares deemed real estate; partition. - A. A time share is deemed to be an interest...

Section 47-11-4 - Disclosure statement. - Each developer shall fully and conspicuously disclose to each purchaser...

Section 47-11-5 - Purchaser's right to cancel; escrow; violation. - A. A developer shall, before conveyance of a time share...

Section 47-11-6 - Prizes. - An advertisement or promotion of a time share which includes...

Section 47-11-7 - Time share proxy. - No proxy, power of attorney or similar device given by...

Section 47-11-8 - Exchange programs. - A. If a purchaser is offered the opportunity to subscribe...

Section 47-11-9 - Service of process on exchange company. - Any exchange company offering an exchange program to a purchaser...

Section 47-11-10 - Securities laws apply. - The Securities Act of New Mexico shall apply to time...

Section 47-11-11 - Application for registration of time share project; denial of registration; renewal; reinstatement; termination of developer's interest. - A. Prior to the offering in this state of any...

Section 47-11-11.1 - Register of applicants; roster of registrants; registered projects; financial report to secretary of state. - A. The executive secretary of the commission shall keep a...

Section 47-11-11.2 - Disciplinary action by commission. - A. The commission shall have power to take disciplinary action....

Section 47-11-12 - Private enforcement. - The provisions of the New Mexico Time Share Act shall...

Section 47-11-13 - Release of liens. - A. Prior to the recordation of any instrument transferring a...