The Migratory status of "Non-Immigrant" (previously known as FM3), "Immigrant" (previously known as FM2) and "Immigrated" (Inmigrado) shall cease to exist and shall be replaced by visas that pertain to the 'conditions of stay.' The new designations will be Visitor (Visitante), Temporary Resident (Residente Temporal) and Permanent Resident (Residente Permanente).
I tend to like the new designations. With the previous FM3 visa, someone with property in Mexico and who resides in the country, up to a period of five years, was considered a "non-immigrant." If so desired, after that period of time, one could apply for the FM2 visa and become an "immigrant." Those terms have been replaced with "temporary" or "permanent" resident. And, if I have read correctly, the length of time required for becoming a permanent resident has been reduced to four years.
Also, a significant change, if I understand correctly, is that the various visas are to be obtained in the United States prior to arriving in Mexico and will be valid for up to 180 days. Once you cross the border you have 30 days in which to make a visit to INM for the permanent visa card. I wonder if this will, in any way, facilitate the border crossing process?
I'm still somewhat confused about the financial qualifications needed for temporary or permanent residency. It does appear that the required minimum monthly income has increased substantially. That could be a deterrent for future Americans or Canadians looking to be expats. How will non-married partners be treated, if living in the same household? I've read that Mexico acknowledges same-sex marriages that are valid in the country of origin. Do we need to plan a wedding in Maryland, or D.C.?
Update: I just read that Yucatán implemented the new law on Friday, November 9.