New Mexico Administrative Code
Title 12 - TRADE, COMMERCE AND BANKING
Chapter 6 - BUSINESS PRACTICES - UNIFORM COMMERCIAL CODE
Part 2 - FILING PROVISIONS
Section 12.6.2.26 - ACCEPTANCE AND REFUSAL OF DOCUMENTS - POLICY STATEMENT
Universal Citation: 12 NM Admin Code 12.6.2.26
Current through Register Vol. 35, No. 18, September 24, 2024
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.
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