SENATE BILL 430

46th legislature - STATE OF NEW MEXICO - first session, 2003

INTRODUCED BY

Mark Boitano







AN ACT

RELATING TO MORTGAGES; REQUIRING THE NEW MEXICO MORTGAGE FINANCE AUTHORITY TO CLASSIFY A NINE MONTH OR OLDER IN UTERO FETUS AS A DEPENDENT CHILD FOR THE PURPOSE OF DETERMINING LOAN ASSISTANCE ELIGIBILITY.



BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF NEW MEXICO:

Section 1. A new section of the Mortgage Finance Authority Act is enacted to read:

"[NEW MATERIAL] MORTGAGES--ELIGIBILITY CLASSIFICATIONS--CHILDREN.--The authority shall by rule classify an in utero fetus of a woman in her ninth or later month of pregnancy as a dependent child for the purpose of determining the eligibility of a family for loan assistance from the authority."

.144120.1