Does New Mexico provide any mortgage exemptions for mortgage loan companies?
Yes. Persons Exempt from Licensure The following persons shall be exempt from all provisions of the Mortgage Loan Company and Loan Broker Act [Chapter 58, Article 21 NMSA 1978]: 1. Bank, trust companies, savings and loan associations, credit unions, insurance companies or real estate investment trusts as defined in 26 USCA 856; 2. An attorney licensed to practice law in New Mexico who is not principally engaged in the business of negotiating loans secured by real or personal property, when the person renders services in the course of his practice as an attorney; 3. A New Mexico-licensed real estate broker rendering service in the performance of his duties as a real estate broker who obtains financing for a real estate transaction involving an actual bona fide sale of real estate or real estate contract handled by the broker and who receives only the customary real estate broker’s commission in connection with the transaction; 4. A person doing an act under order of a court; 5. An indiv
