Every association may purchase real estate loans upon security of the same character against which the association may make an original loan and also may lend money on the security of such real estate loans. History: 1953 Comp., § 48-15-81, enacted by Laws 1967, ch. 61, § 37. ANNOTATIONSAm. Jur. 2d, A.L.R. and C.J.S. references. — 10 Am. Jur. 2d Banks §§ 282 to 284. 9 C.J.S. Banks and Banking § 606; 12 C.J.S. Building and Loan Associations § 65.
New Mexico Legal Code