NMSA §47-16-6
Homeowner Association Act — Duties; Assessment Lien
Association has a lien on a lot for assessments and fines from the time due. Lien may be foreclosed like a mortgage. Recording the declaration constitutes perfection. Association must furnish statement of unpaid assessments within 10 business days. Unlike the Condominium Act, the HOA Act does NOT include a six-month super-lien priority over first mortgages — lien priority governed by general recording principles and declaration terms.
Assessment
| Ref | Requirement |
|---|---|
| Recording the declaration constitutes perfection. | |
| Association must furnish statement of unpaid assessments within 10 business days. | |
| Association has a lien on a lot for assessments and fines from the time due. |
Enforcement
| Ref | Requirement |
|---|---|
| Lien may be foreclosed like a mortgage. |
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Legal references last verified April 15, 2026.
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