Statutes > New Mexico Statutes > Chapter 48 - Liens and Mortgages. > Article 7 - Mortgages, 48-7-1 through 48-7-24. > Section 48-7-6 - Release by administrator or executor of deceased mortgagee.

Section 48-7-6 - Release by administrator or executor of deceased mortgagee.

48-7-6. [Release by administrator or executor of deceased mortgagee.]

When the mortgagee of any land or tenements shall die leaving minor heirs, the executors or administrators of such mortgagee shall be and are hereby authorized, on receiving the amount due the estate of such deceased mortgage [mortgagee], to release to the mortgagor the legal title of the said mortgaged premises, and such deed of release shall be valid.