The Mortgage Finance Authority Act shall be deemed to provide an additional and alternative method for the doing of the things authorized by that act, shall be regarded as supplemental and additional to powers conferred by other laws and shall not be regarded as in derogation of any powers now existing; provided that the issuance of bonds, notes, other obligations, pass-through securities or guarantees under the provisions of the Mortgage Finance Authority Act need not comply with the requirements of any other law applicable to the issuance of bonds, notes, other obligations, pass-through securities or guarantees.
History: 1953 Comp., § 13-19-26, enacted by Laws 1975, ch. 303, § 26; 1995, ch. 9, § 35.
The 1995 amendment, effective June 16, 1995, inserted "other obligations, pass-through securities or guarantees" in two places and made stylistic changes.
Structure New Mexico Statutes
Chapter 58 - Financial Institutions and Regulations
Article 18 - Mortgage Finance Authority
Section 58-18-1 - Short title.
Section 58-18-2 - Legislative findings; declaration of purpose.
Section 58-18-3 - Definitions.
Section 58-18-3.2 - Secondary mortgage funds; additional definitions.
Section 58-18-4 - Authority created.
Section 58-18-5 - Powers of the authority.
Section 58-18-5.1 - Recompiled.
Section 58-18-5.2 - Authority duties.
Section 58-18-5.6 - Duties; behavioral health.
Section 58-18-6 - Loans to mortgage lenders.
Section 58-18-7 - Purchase of mortgage loans.
Section 58-18-7.1 - Sale of project mortgage loans.
Section 58-18-7.2 - Secondary market facility; findings and purposes; establishment.
Section 58-18-7.3 - Rehabilitation loans and home improvement loans.
Section 58-18-8 - Rules and regulations of the authority.
Section 58-18-8.2 - Rules and regulations of the authority; secondary market facility.
Section 58-18-8.3 - Rules and regulations of the authority; home improvement loan program.
Section 58-18-9 - Required determinations of the authority.
Section 58-18-10 - Planning, zoning and building laws.
Section 58-18-11 - Bonds and notes of the authority.
Section 58-18-11.1 to 58-18-11.5 - Repealed.
Section 58-18-12 - Reserve funds.
Section 58-18-13 - Notice or publication not required.
Section 58-18-14 - Remedies of bondholders and noteholders.
Section 58-18-14.1 - Project mortgage loans; enforcement of agreement.
Section 58-18-15 - State and municipalities not liable on bonds and notes.
Section 58-18-16 - Agreement of the state.
Section 58-18-18 - Tax exemption.
Section 58-18-19 - No contribution by state or municipality.
Section 58-18-20 - Money of the authority.
Section 58-18-21 - Limitation of liability.
Section 58-18-22 - Assistance by state officers and agencies.
Section 58-18-23 - Court proceedings; preference; venue.
Section 58-18-24 - Corporate existence.
Section 58-18-25 - Conflicts of interest; penalty.