New Mexico HOA laws
What New Mexico asks of your association
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). Citations link to the official statute - always confirm against the current text.
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.
Stay compliant in New Mexico without the spreadsheet
OurHOA tracks these requirements for your community and reminds the board before each deadline. Start free in five minutes.