N.M. Stat. » N.M. Stat. / Chapter 61 / Article 30
New Mexico Statutes

N.M. Stat. § 61-30-2 (2026)

Purpose and legislative intent. (Repealed effective July 1,

✓ current as of May 2026
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2030.)
   A. The purpose of the Real Estate Appraisers Act [Chapter 61, Article 30 NMSA
1978] is to provide a comprehensive body of law for the effective regulation and active
supervision of the business of developing and communicating real estate appraisals in
response to the federal Financial Institutions Examination Council Act of 1978, 12
U.S.C. 3301, et seq., as amended by Title XI, Real Estate Appraisal Reform
Amendments, 12 U.S.C. 3331 through 3351.

   B. The legislature intends that persons developing and communicating real estate
appraisals be regulated by the state for the protection of those persons relying upon real
estate appraisals.

History: Laws 1990, ch. 75, § 2.

                                     ANNOTATIONS

Delayed repeals. — For delayed repeal of this section, see 61-30-24 NMSA 1978.
Notes of Decisions
Cited in 1 case, 2008–2008 · leading case: Montano v. New Mexico Real Est. Appraiser's Bd., 200 P.3d 544 (N.M. Ct. App. 2008).
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Montano v. New Mexico Real Est. Appraiser's Bd., 200 P.3d 544 (N.M. Ct. App. 2008). “§§ 61-30-2(B), -4(A). The Board is vested with the responsibility of holding hearings to determine whether an appraiser has violated a provision of the Act.”
— N.M. Stat. § 61-30-2(B) — 1 case
Montano v. New Mexico Real Est. Appraiser's Bd., 200 P.3d 544 (N.M. Ct. App. 2008). “§§ 61-30-2(B), -4(A). The Board is vested with the responsibility of holding hearings to determine whether an appraiser has violated a provision of the Act.”
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