New Mexico Administrative Code
Title 12 - TRADE, COMMERCE AND BANKING
Chapter 6 - BUSINESS PRACTICES - UNIFORM COMMERCIAL CODE
Part 2 - FILING PROVISIONS
Section 12.6.2.128 - PRIMARY DATA ELEMENTS
Current through Register Vol. 35, No. 18, September 24, 2024
The primary data elements used in the UCC information management system are the following.
A. Identification numbers.
B. Type of document. The type of UCC document from which data is transferred is identified in the information management system from information supplied by the remitter.
C. Filing date and filing time. The filing date and filing time of UCC documents are stored in the information management system. Calculation of the lapse date of an initial financing statement is based upon the filing date.
D. Identification of parties. The names and addresses of debtors and secured parties are transferred from UCC documents to the UCC information management system using one or more data entry or transmittal techniques.
E. Status of financing statement. In the information management system, each financing statement has a status of active or inactive.
F. Page count. The total number of pages in a UCC document is maintained in the information management system.
G. Lapse indicator. An indicator is maintained by which the information management system identifies whether or not a financing statement will lapse and, if it does, when it will lapse. The lapse date is determined as provided in 12.6.2.202 NMAC.