New Mexico HOA laws
What New Mexico asks of your association
By OurHOA · General reference
New Mexico HOAs are governed by the Homeowner Association Act, NMSA §47-16-1 and following. It guarantees record disclosure, an annual budget, and association meetings.
Meetings
Meetings of association
NMSA §47-16-17Hold association meetings as provided by the Act and the community documents.
Records
Record disclosure to members
NMSA §47-16-5Disclose financial and other records to members within 10 business days of a written request, or face statutory penalties.
Financial
Annual budget
NMSA §47-16-7Adopt a budget annually and provide a copy to all lot owners within 30 days, with a fee and fine statement.
Source: New Mexico Compilation Commission (nmonesource.com). Use the cited sections to locate the relevant provisions in the official source and confirm the current text and its applicability.
This is general information to help boards get oriented, not legal advice. HOA statutes change and courts interpret them differently case to case. Confirm specifics with your association's attorney before acting.
Keep board records and tasks together
Use OurHOA to organize community work. Your board remains responsible for identifying applicable requirements and deadlines.