2023 New Mexico Statutes › Chapter 55 - Uniform Commercial Code › Article 9 - Secured Transactions › Part 5 - FILING › Subpart 2 - DUTIES AND OPERATION OF FILINGOFFICE › Section 55-9-521 - Form of financing statement and amendment; records.

(a) A filing office that accepts written records may not refuse to accept a written initial financing statement that is in the following form and format, except for a reason set forth in Subsection (b) of Section 55-9-516 NMSA 1978:
"UCC FINANCING STATEMENT
FOLLOW INSTRUCTIONS
A. NAME & PHONE OF CONTACT AT FILER (optional)
_______________________________________________________
B. E-MAIL CONTACT AT FILER (optional)
_______________________________________________________
C. SEND ACKNOWLEDGMENT TO: (Name and Address)
_______________________________________________________ THE ABOVE SPACE IS
_______________________________________________________ FOR FILING
_______________________________________________________ OFFICE USE ONLY
1.
DEBTOR'S NAME: Provide only one Debtor name (1a or 1b) (use exact, full name; do not omit, modify, or abbreviate any part of the Debtor's name), if any part of the Individual Debtor's name will not fit in line 1b, leave all of item 1 blank, check here Q and provide the Individual Debtor information in item 10 of the Financing Statement Addendum (Form UCC1Ad)
1a.
ORGANIZATION'S NAME
_______________________________________________________
OR
1b.
INDIVIDUAL'S SURNAME
_______________________________________________________
FIRST PERSONAL NAME
_______________________________________________________
ADDITIONAL NAME(S)/INITIAL(S)
SUFFIX
_______________________________________________________
1c.
MAILING ADDRESS
_______________________________________________________
CITY STATE POSTAL CODE
COUNTRY
2.
DEBTOR'S NAME: Provide only one Debtor name (2a or 2b) (use exact, full name; do not omit, modify, or abbreviate any part of the Debtor's name), if any part of the Individual Debtor's name will not fit in line 2b, leave all of item 2 blank, check here Q and provide the Individual Debtor information in item 10 of the Financing Statement Addendum (Form UCC1Ad)
2a.
ORGANIZATION'S NAME
______________________________________________________
OR
2b.
INDIVIDUAL'S SURNAME
______________________________________________________
FIRST PERSONAL NAME
______________________________________________________
ADDITIONAL NAME(S)/INITIAL(S)
SUFFIX
______________________________________________________
2c.
MAILING ADDRESS
______________________________________________________
CITY STATE POSTAL CODE
COUNTRY
______________________________________________________
3.
SECURED PARTY'S NAME (or NAME of ASSIGNEE of ASSIGNOR SECURED PARTY) Provide only one Secured Party name (3a or 3b)
3a.
ORGANIZATION'S NAME
_______________________________________________________
OR
3b.
INDIVIDUAL'S SURNAME
_______________________________________________________
FIRST PERSONAL NAME
_______________________________________________________
ADDITIONAL NAME(S)/INITIAL(S)
SUFFIX
_______________________________________________________
3c.
MAILING ADDRESS
_______________________________________________________
CITY STATE POSTAL CODE
COUNTRY
_______________________________________________________
4.
COLLATERAL: This financing statement covers the following collateral
_______________________________________________________
_______________________________________________________
_______________________________________________________
5.
Check only if applicable and check only one box.
Collateral is
Q held in a Trust (see UCC1Ad, item 17 and instructions)
Q being administered by a Decedent's Personal Representative
6a.
Check only if applicable and check only one box.
Q Public-Finance Transaction
Q Manufactured-Home Transaction
Q A Debtor is a Transmitting Utility
6b.
Check only if applicable and check only one box.
Q Agricultural Lien
Q Non-UCC Filing
7.
ALTERNATIVE DESIGNATION (if applicable)
Q Lessee/Lessor
Q Consignee/Consignor
Q Seller/Buyer
Q Bailee/Bailor
Q Licensee/Licensor
8.
OPTIONAL FILER REFERENCE DATA:
_______________________________________________________
UCC FINANCING STATEMENT (Form UCC1)(Rev. 04/20/11)
UCC FINANCING STATEMENT ADDENDUM
FOLLOW INSTRUCTIONS
9.
NAME OF FIRST DEBTOR: Same as line 1a or 1b on Financing Statement; if line 1b was left blank because Individual Debtor name did not fit, check here ____
9a.
ORGANIZATION'S NAME
_______________________________________________________
OR
9b.
INDIVIDUAL'S SURNAME
_______________________________________________________
FIRST PERSONAL NAME
THE ABOVE SPACE IS
FOR FILING
___________________________________
OFFICE USE ONLY
ADDITIONAL NAME(S)/INITIAL(S) SUFFIX
_______________________________________________________
10.
DEBTOR'S NAME: Provide (10a or 10b) only one additional Debtor name or Debtor name that did not fit in line 1b or 2b of the Financing Statement (Form UCC1)(use exact, full name; do not omit, modify, or abbreviate any part of the Debtor's name) and enter the mailing address in line 10c
10a.
ORGANIZATION'S NAME
_______________________________________________________
OR
10b.
INDIVIDUAL'S SURNAME
_______________________________________________________
FIRST PERSONAL NAME
_______________________________________________________
ADDITIONAL NAME(S)/INITIAL(S) SUFFIX
_______________________________________________________
10c.
MAILING ADDRESS
_______________________________________________________
CITY STATE POSTAL CODE
COUNTRY
_______________________________________________________
11.
___
ADDITIONAL SECURED PARTY'S NAME or
___
ASSIGNOR SECURED PARTY'S NAME: Provide only one name (11a or 11b)
11a.
ORGANIZATION'S NAME
_______________________________________________________
OR
11b.
INDIVIDUAL'S SURNAME
_______________________________________________________
FIRST PERSONAL NAME
_______________________________________________________
ADDITIONAL NAME(S)/INITIAL(S) SUFFIX
_______________________________________________________
11c.
MAILING ADDRESS
_______________________________________________________
CITY STATE POSTAL CODE
COUNTRY
_______________________________________________________
12.
ADDITIONAL SPACE FOR ITEM 4 (Collateral):
_______________________________________________________
_______________________________________________________
_______________________________________________________
13.
This FINANCING STATEMENT is to be filed [for record] (or recorded) in the REAL ESTATE RECORDS (if applicable)
14.
This FINANCING STATEMENT:
____
covers timber to be cut
____
covers as-extracted collateral
____
is filed as a fixture filing
15.
Name and address of a RECORD OWNER of real estate described in item 16 (if Debtor does not have a record interest):
_______________________________________________________
_______________________________________________________
_______________________________________________________
16.
Description of real estate:
_______________________________________________________
_______________________________________________________
_______________________________________________________
17.
MISCELLANEOUS:
_______________________________________________________
_______________________________________________________
UCC FINANCING STATEMENT ADDENDUM (Form UCC1Ad)(Rev. 04/20/11)".
(b) A filing office that accepts written records may not refuse to accept a written record in the following form and format except for a reason set forth in Subsection (b) of Section 55-9-516 NMSA 1978:
"UCC FINANCING STATEMENT AMENDMENT
FOLLOW INSTRUCTIONS
A. NAME & PHONE OF CONTACT AT FILER (optional)
_______________________________________________________
B. E-MAIL CONTACT AT FILER (optional)
_______________________________________________________
C. SEND ACKNOWLEDGMENT TO: (Name and Address)
_______________________________________________________ THE ABOVE SPACE IS
_______________________________________________________ FOR FILING
_______________________________________________________ OFFICE USE ONLY
1a.
INITIAL FINANCING STATEMENT FILE NUMBER
_____________________________________________
1b. _____ This FINANCING STATEMENT AMENDMENT is to be filed [for record] (or recorded) in the REAL ESTATE RECORDS Filer: attach Amendment Addendum (Form UCC3Ad) and provide Debtor's name in item 13
2.
_____ TERMINATION: Effectiveness of the Financing Statement identified above is terminated with respect to the security interest(s) of Secured Party authorizing this Termination Statement.
3.
_____ ASSIGNMENT (full or partial): Provide name of Assignee in item 7a or 7b, and address of Assignee in item 7c and name of Assignor in item 9. For partial assignment, complete items 7 and 9 and also indicate affected collateral in item 8.
4.
_____ CONTINUATION: Effectiveness of the Financing Statement identified above with respect to the security interest(s) of Secured Party authorizing this Continuation Statement is continued for the additional period provided by applicable law.
5.
PARTY INFORMATION CHANGE:
Check one of these two boxes:
This change affects ___ Debtor or ___ Secured Party of record
AND Check one of these three boxes to:
_____ CHANGE name and/or address: Complete item 6a or 6b; and item 7a or 7b and item 7c
_____ ADD name: Complete item 7a or 7b, and item 7c
_____ DELETE name: Give record name to be deleted in item 6a or 6b
6.
CURRENT RECORD INFORMATION: Complete for Party Information Change - provide only one name (6a or 6b)
6a.
ORGANIZATION'S NAME
_______________________________________________________
OR
6b.
INDIVIDUAL'S SURNAME
_______________________________________________________
FIRST PERSONAL NAME
_______________________________________________________
ADDITIONAL NAME(S)/INITIAL(S) SUFFIX
_______________________________________________________
7.
CHANGED OR ADDED INFORMATION: Complete for Assignment or Party Information Change - provide only one name (7a or 7b) (use exact, full name; do not omit, modify, or abbreviate any part of the Debtor's name)
7a.
ORGANIZATION'S NAME
___________________________________________
OR
7b.
INDIVIDUAL'S SURNAME
___________________________________________
FIRST PERSONAL NAME
_____________________________________________________________
ADDITIONAL NAME(S)/INITIAL(S) SUFFIX
_____________________________________________________________
7c.
MAILING ADDRESS
_____________________________________________________________
CITY STATE POSTAL CODE
COUNTRY
_____________________________________________________________
8.
___
COLLATERAL CHANGE: Also check one of these four boxes:
___
ADD collateral
___
DELETE collateral
___
RESTATE covered collateral
___
ASSIGN collateral
Indicate collateral: ___________________________________________
9.
NAME OF SECURED PARTY OF RECORD AUTHORIZING THIS AMENDMENT: Provide only one name (9a or 9b) (name of Assignor, if this is an Assignment)
If this is an Amendment authorized by a DEBTOR, check here ___ and provide name of authorizing Debtor
9a.
ORGANIZATION'S NAME
___________________________________________
OR
9b.
INDIVIDUAL'S SURNAME
___________________________________________
FIRST PERSONAL NAME
_____________________________________________________________
ADDITIONAL NAME(S)/INITIAL(S) SUFFIX
_____________________________________________________________
10.
OPTIONAL FILER REFERENCE DATA:
___________________________________________
UCC FINANCING STATEMENT AMENDMENT ADDENDUM
FOLLOW INSTRUCTIONS
11.
INITIAL FINANCING STATEMENT FILE NUMBER: Same as item 1a on Amendment form
___________________________________________
12.
NAME OF PARTY AUTHORIZING THIS AMENDMENT: Same as item 9 on Amendment form
12a.
ORGANIZATION'S NAME
___________________________________________
OR
12b.
INDIVIDUAL'S SURNAME
___________________________________________
FIRST PERSONAL NAME
_____________________________________________________________
ADDITIONAL NAME(S)/INITIAL(S) SUFFIX
___________________________________________ THE ABOVE SPACE IS
___________________________________________ FOR FILING
___________________________________________ OFFICE USE ONLY
13.
Name of DEBTOR on related financing statement (Name of a current Debtor of record required for indexing purposes only in some filing offices see Instruction item 13). Provide only one Debtor name (13a or 13b) (use exact, full name; do not omit, modify, or abbreviate any part of the Debtor's name). See instructions if name does not fit.
13a.
ORGANIZATION'S NAME
___________________________________________
OR
13b.
INDIVIDUAL'S SURNAME
___________________________________________
FIRST PERSONAL NAME
___________________________________________
ADDITIONAL NAME(S)/INITIAL(S) SUFFIX
_____________________________________________________________
14.
ADDITIONAL SPACE FOR ITEM 8 (Collateral):
_____________________________________________________________
_____________________________________________________________
_____________________________________________________________
15.
This FINANCING STATEMENT AMENDMENT:
___ covers timber to be cut, ___ covers as-extracted collateral, ___ is filed as a fixture filing
16.
Name and address of a RECORD OWNER of real estate described in item 17 (if Debtor does not have a record interest):
_____________________________________________________________
_____________________________________________________________
_____________________________________________________________
17.
Description of real estate:
_____________________________________________________________
_____________________________________________________________
_____________________________________________________________
18.
MISCELLANEOUS
_____________________________________________________________
UCC FINANCING STATEMENT AMENDMENT ADDENDUM
(Form UCC3Ad) (Rev 04/20/11)".
History:
1978 Comp., § 55-9-521, enacted by Laws 2001, ch. 139, § 92; repealed and reenacted by Laws 2013, ch. 137, § 18.
OFFICIAL COMMENTS
UCC Official Comments by ALI & the NCCUSL. Reproduced with permission of the PEB for the UCC. All rights reserved.
1. Source. New.
2. "Safe Harbor" Written Forms. Although section 9-520 limits the bases upon which the filing office can refuse to accept records, this section provides sample written forms that must be accepted in every filing office in the country, as long as the filing office's rules permit it to accept written communications. By completing one of the forms in this section, a secured party can be certain that the filing office is obligated to accept it.
The forms in this section are based upon national financing statement forms that were in use under former article 9. Those forms were developed over an extended period and reflect the comments and suggestions of filing officers, secured parties and their counsel, and service companies. The formatting of those forms and of the ones in this section has been designed to reduce error by both filers and filing offices.
A filing office that accepts written communications may not reject, on grounds of form or format, a filing using these forms. Although filers are not required to use the forms, they are encouraged and can be expected to do so, inasmuch as the forms are well designed and avoid the risk of rejection on the basis of form or format. As their use expands, the forms will rapidly become familiar to both filers and filing office personnel. Filing offices may and should encourage the use of these forms by declaring them to be the "standard" (but not exclusive) forms for each jurisdiction, albeit without in any way suggesting that alternative forms are unacceptable.
The multi-purpose form in subsection (b) covers changes with respect to the debtor, the secured party, the collateral, and the status of the financing statement (termination and continuation). A single form may be used for several different types of amendments at once (e.g., both to change a debtor's name and continue the effectiveness of the financing statement).
ANNOTATIONS
Repeals and reenactments.
— Laws 2013, ch. 137, § 18 repealed former 55-9-521 NMSA 1978 and enacted a new section, effective July 1, 2013.
Decisions under former Section 55-9-402 NMSA 1978.
— In light of the similarity of this section and former Section 55-9-402 NMSA 1978, annotations decided under former Section 55-9-402 NMSA 1978 have been included in the annotations in this section.
Old security devices replaced by simplified procedures.
— Under the terms of the code, the traditional distinctions among security devices such as conditional sales contracts and chattel mortgages are not retained. The code substitutes for such a simplified statutory procedure which applies to all transactions intended to create security interests in personal property and fixtures. 1962 Op. Att'y Gen. No. 62-01 (rendered under former law).