It is unlawful for any mortgage loan company in connection with the origination, brokering, negotiating or making of any mortgage loan, directly or indirectly, to: A. employ any device, scheme or artifice to defraud; or B. engage in any act, practice or course of business that operates or would operate as a fraud or deceit upon any person. History: Laws 1983, ch. 86, § 21; 2009, ch. 122, § 43. ANNOTATIONSThe 2009 amendment, effective July 31, 2009, in the first sentence, after 'mortgage', added 'loan'; after 'company', deleted 'or loan broker' and after 'brokering', added 'negotiating'. Severability. — Laws 2009, ch. 122, § 60 provided that if any part or application of this act is held invalid, the remainder or its application to other situations or persons shall not be affected.
New Mexico Legal Code