NMSA §47-16 (Homeowner Association Act)
Complete compliance reference for New Mexico HOA and condo boards. Below you'll find late fee limits, violation notice procedures, reserve study requirements, collection rules, and meeting mandates — all based on current state statutes.
14
Day Cure Period
15
Day Grace Period
3
Day Board Meeting Notice
Yes
Hearing Required
Per governing documents.
Notice and hearing required.
No mandatory reserve study. Budget disclosure required.
Assessment liens per statute.
Open meetings.
Legal Disclaimer
This information is for general guidance only and does not constitute legal advice. HOA laws change frequently. Always consult a licensed attorney in New Mexico for specific legal questions regarding your community.
Parkie's compliance engine automatically monitors your New Mexico community against state regulations — flagging late fee violations, notice deadlines, and reserve requirements before they become problems.