N.M. Admin. Code § 12.6.2.26

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

Section 12.6.2.26 - ACCEPTANCE AND REFUSAL OF DOCUMENTS - POLICY STATEMENT

The duties and responsibilities of the filing officer with respect to the administration of the UCC are ministerial. In accepting for filing or refusing to file a UCC document pursuant to these rules, the filing officer does none of the following:

A. Determine the legal sufficiency or insufficiency of a document.

B. Determine that a security interest in collateral exists or does not exist.

C. Determine that information in the document is correct or incorrect, in whole or in part.

D. Create a presumption that information in the document is correct or incorrect, in whole or in part.

N.M. Admin. Code § 12.6.2.26

12.6.2.26 NMAC - N, 7/1/2001