New Mexico Pricing Agreement
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FAQ
NMOneSource.com is the official legal research tool of the New Mexico courts and legislature. Search and retrieve annotated statutes and court rules, appellate court opinions, court forms, and more.
RECs are the most common seller financing instrument used in New Mexico. With a REC, the seller transfers equitable interest in the property to the buyer upon execution of the REC, while the seller retains legal title to the property until the buyer satisfies all conditions of the REC.
NMSA 1978 means the compilation of the laws of the State of New Mexico known as New Mexico Statutes Annotated, 1978 Compilation, as amended and supplemented from time to time.
New Mexico Statutes Annotated 1978 Sections 1 through 172 [13-1-28 to 13-1-117 and 13-1-118 to 13-1-199 NMSA 1978] of this act may be cited as the "Procurement Code.
