Statutes > New Mexico Statutes > Chapter 48 - Liens and Mortgages. > Article 10 - Deeds of Trust, 48-10-1 through 48-10-21. > Section 48-10-8 - Deed of trust as security.

Section 48-10-8 - Deed of trust as security.

48-10-8. Deed of trust as security.

Deeds of trust may be executed as security for the performance of a contract. The laws of New Mexico which refer to mortgages as security instruments are deemed to also include deeds of trust unless the context otherwise requires. The lien theory of mortgages in New Mexico shall continue to apply to deeds of trust executed as provided in the Deed of Trust Act.