N.M. Admin. Code § 3.2.219.8

Current through Register Vol. 35, No. 23, December 10, 2024

Section 3.2.219.8 - ESCROW FEES - INSTALLMENT CONTRACTS

The receipts of an escrow agent from charges made for handling installment purchase agreements (such as real estate contracts) are not receipts from handling loan payments and are not deductible from gross receipts under the provisions of Section 7-9-61.1 NMSA 1978.

10/24/89, 11/26/90, 9/20/93, 11/15/96; 3.2.219.8 NMAC - Rn, 3 NMAC 2.61.1.8 & A, 6/14/01