N.M. Admin. Code § 12.6.2.130

Current through Register Vol. 35, No. 21, November 5, 2024

Section 12.6.2.130 - NAMES OF DEBTORS THAT ARE ORGANIZATIONS

This rule applies to the name of an organization who is a debtor or a secured party on a UCC document.

A. Single field. The names of organizations are stored in files that include only the names of organizations and not the names of individuals. A single field is used to store an organization name.

B. Truncation - organization names. The organization debtor field in the UCC database is fixed in length. The maximum length is 160 characters. Although filers should continue to provide full names on their UCC documents, a name that exceeds the fixed length is entered as presented to the filing officer, up to the maximum length of the data entry field.

N.M. Admin. Code § 12.6.2.130

12.6.2.130 NMAC - N, 7/1/2001; A, 7/31/2013