reglab/housing_qa huggingface dataset:
NM Stat § 58-17-13 (2021)
2021 New Mexico Statutes|Chapter 58 - Financial Institutions and Regulations|Article 17 - Endowed Care of Cemeteries|Section 58-17-13 - Enforcement of provisions of act by director.

A. The duty of administering and enforcing the provisions of the Endowed Care Cemetery Act is imposed on the director, who shall approve all forms of contract for endowed care and shall have authority to subpoena witnesses, conduct hearings and investigations and issue orders reasonably necessary to regulate endowed care cemeteries in the public interest. B. At the same time the registration statement is due, the director shall require the cemetery authority to submit an audit prepared by a certified public accountant. The audit shall cover in detail the information required in the annual registration statement required by law. In addition, the director may examine each endowed care cemetery to ensure that endowed care is being furnished in the manner required by law. C. The cost of examining any cemetery authority and any endowed care cemetery shall be paid by the responsible authority, and it shall not exceed the actual cost of conducting such an examination. D. If the director deems it necessary to hold a hearing pursuant to the power vested in him by the Endowed Care Cemetery Act, the hearing may be held in Santa Fe, New Mexico or at any other location within New Mexico designated by the director. E. In the conduct of any examination, investigation or hearing, the director may: (1) compel the attendance of any person or obtain any documents by subpoena; (2) administer oaths; and (3) examine any person under oath concerning the business of any person subject to the provisions of the Endowed Care Cemetery Act and in connection therewith require the production of any books, records or papers relevant to the inquiry. F. In case of refusal to obey a subpoena issued to any person, the district court of the first judicial district for Santa Fe county, upon application by the director, may issue to the person an order requiring him to appear before the director or the staff member designated by the director, there to produce documentary evidence if so ordered or to give evidence relating to the matter under investigation or in question. Failure to obey the order of the court may be punished by the court as a contempt of court. History: 1953 Comp., § 67-29-13, enacted by Laws 1961, ch. 156, § 13; 1973, ch. 113, § 2; 1981, ch. 192, § 4; 2001, ch. 149, § 13. ANNOTATIONSThe 2001 amendment, effective July 1, 2001, deleted "of financial institutions division" from the end of the section heading; inserted the Subsection A designation and deleted "of the financial institutions division" following "director" in that subsection; deleted former Subsection A, requiring the director to examine the books of each endowed care cemetery, or have an audit made in lieu thereof; and added present Subsections B, E and F and redesignated the remaining subsections accordingly.
NM Stat § 58-17-14 (2021)
2021 New Mexico Statutes|Chapter 58 - Financial Institutions and Regulations|Article 17 - Endowed Care of Cemeteries|Section 58-17-14 - Proceedings in case of law violations.

If a cemetery authority refuses or neglects to make a required report or to file an annual registration statement or willfully disobeys a valid order of the director or violates any provisions of the Endowed Care Cemetery Act or rule of the director, or if it appears to the director from any report or examination that a cemetery authority has committed a violation of law, that the care funds have not been administered properly or that it is unsafe or inexpedient for the cemetery authority or the trustee of the care funds of the cemetery authority to continue to administer those funds or that any officer of the cemetery authority or of the trustee of the care fund of the cemetery authority has abused his trust or has been guilty of misconduct in his official position injurious to the cemetery authority or that the cemetery authority has suffered as to its care funds a serious loss by larceny, embezzlement, burglary, repudiation or otherwise, the director may: A. conduct an investigation or hold a hearing to investigate any allegations pertaining to violations of the provisions of the Endowed Care Cemetery Act; B. issue any order in furtherance of the duty imposed on him by the Endowed Care Cemetery Act; C. institute a lawsuit in the district court of the first judicial district for Santa Fe county to recover any amounts due to the care funds; or D. apply to the district court of the first judicial district for Santa Fe county for other relief consistent with the duty imposed on him by the Endowed Care Cemetery Act. History: 1953 Comp., § 67-29-14, enacted by Laws 1961, ch. 156, § 14; 1973, ch. 113, § 3; 1981, ch. 192, § 5; 2001, ch. 149, § 14. ANNOTATIONSThe 2001 amendment, effective July 1, 2001, deleted "of the financial institutions division" following "director" in the first sentence of the undesignated paragraph; in Subsections C and D, substituted "the first judicial district for Santa Fe county" for "the county where the responsible cemetery authority or cemetery is located", and in Subsection C, deleted "endowed" preceding "care funds".
NM Stat § 58-17-15 (2021)
2021 New Mexico Statutes|Chapter 58 - Financial Institutions and Regulations|Article 17 - Endowed Care of Cemeteries|Section 58-17-15 - Disposition of care funds upon dissolution.

Where any cemetery authority owning, operating, controlling or managing a cemetery or any trustee for the cemetery authority has accepted care funds pursuant to the Endowed Care Cemetery Act and dissolution is sought by the cemetery authority in any manner, by resolution of the cemetery authority or the trustees of the cemetery authority, notice shall be given to the director of the intentions to dissolve. It is the director's duty to see that proper disposition is made of the care funds held by or for the benefit of the cemetery authority, as provided by law or in accordance with the trust provisions of any gift, grant, contribution, payment, devise or bequest or pursuant to any contracts whereby the funds were created. The director may apply to the district court for the appointment of any receiver, trustee or successor in trust or for direction of the court as to the proper disposition to be made of the care funds, to the end that the uses and purposes for which the trust or care funds were created may be accomplished. History: 1953 Comp., § 67-29-15, enacted by Laws 1961, ch. 156, § 15; 2001, ch. 149, § 15. ANNOTATIONSThe 2001 amendment, effective July 1, 2001, substituted "director" for "state bank examiner" in two places, and substituted "district court" for "court of competent jurisdiction". Am. Jur. 2d, A.L.R. and C.J.S. references. — 14 Am. Jur. 2d Cemeteries § 27.
NM Stat § 58-17-16 (2021)
2021 New Mexico Statutes|Chapter 58 - Financial Institutions and Regulations|Article 17 - Endowed Care of Cemeteries|Section 58-17-16 - Violations; punishment.

Whoever violates any provision of the Endowed Care Cemetery Act, fails to establish an irrevocable trust fund, encroaches upon the principal of an irrevocable trust, refuses to cooperate in an examination or investigation or violates the provisions of a trust instrument by willfully failing to deposit to a cemetery's trust fund the amounts provided within the time provided by Section 58-17-6 NMSA 1978, or any greater amounts if the trust instrument provides for greater amounts to be deposited, is guilty of a fourth degree felony and shall be sentenced in accordance with the provisions of Section 31-18-15 NMSA 1978. History: 1953 Comp., § 67-29-16, enacted by Laws 1961, ch. 156, § 16; 1981, ch. 192, § 6; 1993, ch. 210, § 8; 2001, ch. 149, § 16. ANNOTATIONSThe 2001 amendment, effective July 1, 2001, deleted the Subsection A and B designations and "of 1961, except as provided in Subsection B of this section, is guilty of a petty misdemeanor. Whoever" following "the Endowed Care Cemetery Act"; and substituted "provisions of Section 31-18-15 NMSA 1978" for "Criminal Sentencing Act" at the end of the subsection. The 1993 amendment, effective June 18, 1993, made stylistic changes in Subsection A and inserted "fails to establish an irrevocable trust fund, encroaches upon the principal of an irrevocable trust, refuses to cooperate in an examination or investigation or" in Subsection B.
NM Stat § 58-17-17 (2021)
2021 New Mexico Statutes|Chapter 58 - Financial Institutions and Regulations|Article 17 - Endowed Care of Cemeteries|Section 58-17-17 - Exemption.

The provisions of the Endowed Care Cemetery Act do not apply to municipal cemeteries, fraternal cemeteries, religious cemeteries or family burial grounds that provide burial only for members. History: 1953 Comp., § 67-29-17, enacted by Laws 1961, ch. 156, § 17; 2001, ch. 149, § 17. ANNOTATIONSThe 2001 amendment, effective July 1, 2001, substituted "family burial grounds that provide burial only for members" for "family burying grounds".
NM Stat § 58-17-18 (2021)
2021 New Mexico Statutes|Chapter 58 - Financial Institutions and Regulations|Article 17 - Endowed Care of Cemeteries|Section 58-17-18 - Establishing a cemetery authority.

A. A person establishing or acquiring a cemetery subject to the Endowed Care Cemetery Act shall file an initial registration with the director that contains the following information: (1) a detailed financial statement of the proposed owners; (2) a current credit report of the person establishing or acquiring the cemetery and a resume for each principal; (3) the full name and address of the registrant, if an individual; of every member, if the registrant is a partnership or an association; of every officer, if the registrant is a corporation; and of any person owning ten percent or more of the cemetery; (4) a plot plan that identifies the endowed care sections of the cemetery and all plans for future expansion of the cemetery; (5) a copy of the form of contracts or instruments to be used in the sales of endowed care lots, graves, crypts or niches; (6) proof of ability to make the initial deposit or secure a surety bond as required by Section 58-17-11 NMSA 1978; (7) a registration fee in the amount of fifty dollars ($50.00); and (8) any other information requested by the director. B. Failure to submit the information specified in Subsection A of this section shall result in the denial of the registration to sell endowed care. Until a registration to operate a cemetery is approved by the director, a person establishing or acquiring a cemetery authority shall not advertise, represent, guarantee, promise or contract that perpetual care, endowed care or any similar care will be furnished. History: Laws 2001, ch. 149, § 18. ANNOTATIONSEffective dates. — Laws 2001, ch. 149, § 22 makes the act effective July 1, 2001.
NM Stat § 58-17-19 (2021)
2021 New Mexico Statutes|Chapter 58 - Financial Institutions and Regulations|Article 17 - Endowed Care of Cemeteries|Section 58-17-19 - Transfer of ownership.

A. An endowed care cemetery's registration is not transferable. When any cemetery authority subject to the provisions of the Endowed Care Cemetery Act is transferred, the person acquiring the cemetery shall register with the director as required by Section 58-17-18 NMSA 1978. B. A transfer of ownership cannot take place and no endowed care can be sold until the director has approved the registration required by Subsection A of this section. History: Laws 2001, ch. 149, § 19. ANNOTATIONSEffective dates. — Laws 2001, ch. 149, § 22 makes the act effective July 1, 2001.
NM Stat § 58-17-20 (2021)
2021 New Mexico Statutes|Chapter 58 - Financial Institutions and Regulations|Article 17 - Endowed Care of Cemeteries|Section 58-17-20 - Denial, suspension or revocation of registration.

A. The director may deny, suspend or revoke any registration if the registrant, or any director, officer, employee or affiliate of the registrant: (1) lacks a good business reputation; (2) has violated any provision of the Endowed Care Cemetery Act; (3) has committed fraud in connection with any transaction subject to the Endowed Care Cemetery Act; (4) has made any misrepresentations or false statements to or concealed any essential or material fact from any person in the course of the cemetery business; (5) has knowingly made or caused to be made any false representation of material fact or has suppressed or withheld from the director any information that the applicant or registrant possesses and that if submitted by him would have rendered the applicant or registrant ineligible to be registered under the Endowed Care Cemetery Act; (6) has refused to permit an examination by the director of his books and records or has refused or failed, within a reasonable time, to furnish any information, make any report or attend a hearing that may be required by the director under the provisions of the Endowed Care Cemetery Act; (7) has not completed the annual registration requirements or paid the registration fee; or (8) has been convicted of a felony or any misdemeanor involving moral turpitude, subject, however, to the provisions of the Criminal Offender Employment Act [28-2-1 to 28-2-6 NMSA 1978]. B. If the director decides that action resulting in the denial, suspension or revocation of a registration is warranted, the director shall notify the registrant or cemetery authority in writing of the reasons for the refusal and shall advise the registrant or cemetery authority of the right to a hearing before a final decision on the registration is made. History: Laws 2001, ch. 149, § 20. ANNOTATIONSEffective dates. — Laws 2001, ch. 149, § 22 makes the act effective July 1, 2001.
NM Stat § 58-17-21 (2021)
2021 New Mexico Statutes|Chapter 58 - Financial Institutions and Regulations|Article 17 - Endowed Care of Cemeteries|Section 58-17-21 - Judicial review.

A person aggrieved by the decision of the director in the enforcement of the Endowed Care Cemetery Act may obtain judicial review pursuant to Section 39-3-1.1 NMSA 1978. History: Laws 2001, ch. 149, § 21. ANNOTATIONSEffective dates. — Laws 2001, ch. 149, § 22 makes the act effective July 1, 2001.
NM Stat § 58-18-1 (2021)
2021 New Mexico Statutes|Chapter 58 - Financial Institutions and Regulations|Article 18 - Mortgage Finance Authority|Section 58-18-1 - Short title.

Chapter 58, Article 18 NMSA 1978 shall be known and may be cited as the "Mortgage Finance Authority Act". History: 1953 Comp., § 13-9-1, enacted by Laws 1975, ch. 303, § 1; 1982, ch. 86, § 1. ANNOTATIONSCross references. — For municipal housing, see Chapter 3, Article 45 NMSA 1978. For urban development, see Chapter 3, Article 46 NMSA 1978. For community development, see Chapter 3, Article 60 NMSA 1978. For metropolitan redevelopment, see Chapter 3, Article 60A NMSA 1978. For regional housing authorities, see Chapter 11, Article 3A NMSA 1978. For the state housing authority, see Chapter 11 Article 4 NMSA 1978. For utility supplements and assistance, see Chapter 27 Article 6 NMSA 1978. Authority not state agency. — The New Mexico mortgage finance authority created pursuant to this article is not a state agency. 1975 Op. Att'y Gen. No. 75-48. Am. Jur. 2d, A.L.R. and C.J.S. references. — 40 Am. Jur. 2d Housing Laws and Urban Redevelopment § 1 et seq.
NM Stat § 58-18-2.1 (2021)
2021 New Mexico Statutes|Chapter 58 - Financial Institutions and Regulations|Article 18 - Mortgage Finance Authority|Section 58-18-2.1 - Multiple-family, transitional and congregate dwellings; supplemental legislative findings and purpose.

The legislature finds and declares that there is a critical shortage of multiple-family, transitional and congregate dwellings that provide decent, safe and sanitary residential housing at rentals that persons and families of low or moderate income can afford. It is further found and declared that private individuals, organizations and entities willing to undertake the construction of multiple-family, transitional and congregate dwellings are unable to obtain loans at sufficiently low interest rates to finance multiple-family, transitional and congregate dwelling projects for persons and families of low or moderate income. Providing mortgage loans at below-market interest rates for multiple-family, transitional and congregate dwellings would increase substantially the availability of multiple-family, transitional and congregate dwellings for occupancy by persons and families of low or moderate income and is expressly declared to be a valid public purpose and a corporate purpose that may be exercised by the authority. History: 1978 Comp., § 58-18-2.1, enacted by Laws 1982, ch. 86, § 2; 1995, ch. 9, § 2. ANNOTATIONSThe 1995 amendment, effective June 16, 1995, inserted "transitional and congregate" preceding "dwellings" and "or moderate" preceding "income" and made minor stylistic changes throughout the section.
NM Stat § 58-18-3.1 (2021)
2021 New Mexico Statutes|Chapter 58 - Financial Institutions and Regulations|Article 18 - Mortgage Finance Authority|Section 58-18-3.1 - Additional definitions; multiple-family dwellings, transitional and congregate housing facilities.

As used in the Mortgage Finance Authority Act: A. "multiple-family dwelling project" means residential housing that is designed for occupancy by more than four persons or families living independently of each other or living in a congregate housing facility, at least sixty percent of whom are persons and families of low or moderate income, including without limitation persons of low or moderate income who are elderly and who have a disability as determined by the authority, provided that the percentage of low-income persons and families shall be at least the minimum required by federal tax law; B. "transitional housing facility" means residential housing that is designed for temporary or transitional occupancy by persons or families of low or moderate income or special needs; C. "congregate housing facility" means residential housing designed for occupancy by more than four persons or families of low or moderate income living independently of each other. The facility may contain group dining, recreational, health care or other communal facilities and each unit in a congregate housing facility shall contain at least its own living, sleeping and bathing facilities; D. "project mortgage loan" means a mortgage loan made to a sponsor to finance project costs of a multiple-family dwelling or transitional or congregate housing facility; and E. "sponsor" means an individual, association, corporation, joint venture, partnership, limited partnership, trust or any combination thereof that has been approved by the authority as qualified to own and maintain a multiple-family dwelling or transitional or congregate housing facility in New Mexico, maintains its principal office or a branch office in New Mexico and has agreed to subject itself to the regulatory powers of the authority and the jurisdiction of the courts of the state. History: 1978 Comp., § 58-18-3.1, enacted by Laws 1982, ch. 86, § 3; 1983, ch. 310, § 1; 1995, ch. 9, § 4; 2007, ch. 46, § 47. ANNOTATIONSThe 2007 amendment, effective June 15, 2007, amends the section to make non-substantive language changes. The 1995 amendment, effective June 16, 1995, added "transitional and congregate housing facilities" in the section heading; deleted former Subsection A defining "FHA" and redesignated former Subsection B as Subsection A; added Subsections B and C and redesignated former Subsections C and D as Subsections D and E; in Subsection A, substituted "sixty percent" for "twenty-five percent", inserted "or moderate" in two places, and deleted "provided that the percentage of low income persons and families shall be at least the minimum required by federal tax law" at the end; deleted "during construction and on a permanent basis the" following "sponsor to finance" in Subsection D; inserted "transitional or congregate housing" in Subsections D and E; and made minor stylistic changes throughout the section.
NM Stat § 58-18-3.2 (2021)
2021 New Mexico Statutes|Chapter 58 - Financial Institutions and Regulations|Article 18 - Mortgage Finance Authority|Section 58-18-3.2 - Secondary mortgage funds; additional definitions.

As used in the Mortgage Finance Authority Act: A. "pass-through securities" means securities representing undivided ownership interests in a pool of mortgage loans; and B. "secondary market facility" means a corporation, trust or other form of legal entity established by the authority for the purpose of the purchase, with private or public funds legally available therefor, of mortgage loans, mortgage-backed obligations, pass-through securities or interests therein. History: 1978 Comp., § 58-18-3.2, enacted by Laws 1983, ch. 285, § 1; 1995, ch. 9, § 5. ANNOTATIONSThe 1995 amendment, effective June 16, 1995, deleted "facility or mortgage pooling" preceding "corporation" and inserted "trust or other form of legal entity" in Subsection B.
NM Stat § 58-18-5.1 (2021)
2021 New Mexico Statutes|Chapter 58 - Financial Institutions and Regulations|Article 18 - Mortgage Finance Authority|Section 58-18-5.1 - Recompiled.

ANNOTATIONSRecompilations. — This section, regarding the Mortgage Finance Authority Act oversight committee, was recompiled as 2-12-5 NMSA 1978.
NM Stat § 58-18-5.2 (2021)
2021 New Mexico Statutes|Chapter 58 - Financial Institutions and Regulations|Article 18 - Mortgage Finance Authority|Section 58-18-5.2 - Authority duties.

The authority shall make available to the Mortgage Finance Authority Act oversight committee all of its records and facilities upon written request. History: 1978 Comp., § 58-18-5.2, enacted by Laws 1981, ch. 173, § 2; 1995, ch. 9, § 8. ANNOTATIONSCross references. — For the Mortgage Finance Act oversight committee, see 2-12-5 NMSA 1978. The 1995 amendment, effective June 16, 1995, substituted "The authority" for "The mortgage finance authority" at the beginning of the section.
NM Stat § 58-18-5.3 (2021)
2021 New Mexico Statutes|Chapter 58 - Financial Institutions and Regulations|Article 18 - Mortgage Finance Authority|Section 58-18-5.3 - Authority; multiple-family dwellings, transitional and congregate housing facilities.

In addition to the specific powers of the authority set forth in Section 58-18-5 NMSA 1978, the authority shall have the power to: A. subject to the limitations of Subsection X of Section 58-18-5 NMSA 1978, make project mortgage loans or purchase or contract to purchase project mortgage loans from mortgage lenders or participate with mortgage lenders in project mortgage loans at prices and upon terms and conditions as the authority determines. Each project mortgage loan made or purchased by the authority shall: (1) be evidenced by a properly executed note or other evidence of indebtedness and be secured by a properly recorded mortgage; (2) provide for payments sufficient to pay the project mortgage loan in full not later than the expiration of the useful life of the multiple-family dwelling project or transitional or congregate housing facility as determined by the authority; and (3) not exceed such percentage of such project costs as the authority may determine; B. make and contract to make loans to mortgage lenders on such terms and conditions as the authority determines, including without limitation requirements relating to collateral for such loans; provided the authority shall require as a condition of any such loan that the mortgage lender make a project mortgage loan or loans to sponsors in an aggregate principal amount at least equal to the amount of the loan received from the authority; and C. otherwise provide funding for project mortgage loans, including the issuance of bonds or notes in private placements or public offerings. Any bonds or notes issued in a public offering for any purpose authorized by this section shall, at the time of issuance, be rated in at least the third highest rating category by an independent nationally recognized bond rating service. History: 1978 Comp., § 58-18-5.3, enacted by Laws 1982, ch. 86, § 4; 1987, ch. 58, § 1; 1995, ch. 9, § 9. ANNOTATIONSThe 1995 amendment, effective June 16, 1995, added "transitional and congregate housing facilities" in the section heading and rewrote Subsections A and C.