New Mexico HB192: NO FOREIGN CORPORATION PURCHASE OF HOMES

What the bill says

An act relating to housing; preventing foreign corporations from purchasing a single-family residential property as an investment rental property within the state.

From the introduced text, January 27, 2026:

AN ACT RELATING TO HOUSING; PREVENTING FOREIGN CORPORATIONS FROM PURCHASING A SINGLE-FAMILY RESIDENTIAL PROPERTY AS AN INVESTMENT RENTAL PROPERTY WITHIN THE STATE. BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF NEW MEXICO: SECTION 1. [NEW MATERIAL] PROHIBITED TRANSACTIONS.--Prior to July 1, 2036, a foreign corporation, including an in-state subsidiary of a foreign corporation, shall not purchase a single-family residential property for the purpose of making the single-family residential property an investment rental property in the state. As used in this section, "foreign corporation" means a corporation that is organized under the laws of another state or a foreign country. .233144.2

Read the full official text

Sponsors

• Rod Montoya (R, HD-001) · primary sponsor
• Catherine J. Cullen (R, HD-057)

Latest actions

1. January 27, 2026: Not Printed
2. : Action Postponed Indefinitely

Common questions

What is HB192?

HB192 is a bill in the New Mexico Legislature (2026 Regular Session): NO FOREIGN CORPORATION PURCHASE OF HOMES.

What does HB192 do?

In its own words: An act relating to housing; preventing foreign corporations from purchasing a single-family residential property as an investment rental property within the state.

What is the status of HB192?

Failed as of January 27, 2026. Latest action: Not Printed (January 27, 2026).

Who sponsored HB192?

Rod Montoya (R, HD-001), with 1 co-sponsor.

Where is the official record for HB192?

On the New Mexico Legislature website: https://www.nmlegis.gov/Legislation/Legislation?chamber=H&legType=B&legNo=192&year=26