NMSA §47-16-10

Homeowner Association Act — Financial Audit

Financial audit required at least every 3 years by independent CPA in accordance with GAAP. Audit, review, or compilation available to lot owners within 30 calendar days of completion. Does not apply to HOAs created before July 1, 2013 with fewer than 30 lots.

Status Active

Effective Jul 1, 2019

Verified Apr 15, 2026

Source Statute text — nmonesource.com

Reviewed April 15, 2026 · New Mexico changes feed

Source Provenance NMSA §47-16-10

Primary source: Statute text — nmonesource.com
Source verified: 2026-04-15
Human review: Not yet signed off by a named reviewer (source-verified by scraper pipeline only)
Text snapshot: Not yet captured
Change monitoring: Active · 0 change events on record · New Mexico feed
Threshold extraction: No executable thresholds extracted (procedural or interpretive statute)
Applicability: Not currently mapped to a resale-certificate profile

This page renders from the verification chain above. The text snapshot is SHA-256 hashed at capture and never edited in place. Educational reference only — not legal advice.

Records

Ref	Requirement
	Financial audit required at least every 3 years by independent CPA in accordance with GAAP.
	Audit, review, or compilation available to lot owners within 30 calendar days of completion.
	Does not apply to HOAs created before July 1, 2013 with fewer than 30 lots.

Legal Topics

Records Access and Inspection New Mexico

Legal references last verified April 15, 2026. This content is educational and informational. It does not constitute legal advice. Consult a licensed attorney in your state for legal guidance specific to your situation.

Homeowner Association Act — Financial Audit

New Mexico Laws

New Mexico surface

Concepts

CommunityPay platform