N.M. Admin. Code § 4.10.2.11
Current through Register Vol. 35, No. 21, November 5, 2024
Costs which can be paid with HPL contributions to the loan pool are architectural, engineering, planning services, project inspection, contracted restoration, rehabilitation, repair and costs necessary for code compliance. The division or the lending institution with the prior approval of the division, may use the HPL contributions to the loan pool to pay costs associated with enforcement of the obligations of the borrower under the promissory note, mortgage or loan agreement.
N.M. Admin. Code § 4.10.2.11