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NM SB114

Bill

Official Source

Status

Introduced

1/23/2026

Primary Sponsor

Harold Pope

Click for details

Origin

Senate

2026 Regular Session

AI Summary

  • Prohibits hedge funds, private equity firms, corporations, and other businesses from purchasing single-family residential properties in New Mexico

  • Exempts limited liability companies (LLCs) organized under New Mexico's Limited Liability Company Act from the prohibition

  • Introduced by Senator Harold Pope during the 57th Legislature's Second Session, 2026

Legislative Description

Investment Ownership Of Residential Property

Last Action

Sent to SCC - Referrals: SCC/STBTC/SJC

1/23/2026

Committee Referrals

Committees1/23/2026

Full Bill Text

No bill text available