New Mexico Administrative Code
Title 12 - TRADE, COMMERCE AND BANKING
Chapter 6 - BUSINESS PRACTICES - UNIFORM COMMERCIAL CODE
Part 2 - FILING PROVISIONS
Section 12.6.2.29 - GROUNDS NOT WARRANTING REFUSAL

Universal Citation: 12 NM Admin Code 12.6.2.29

Current through Register Vol. 35, No. 18, September 24, 2024

The sole grounds for the filing officer's refusal to accept a UCC document for filing are enumerated in 12.6.2.28 NMAC. The following are examples of defects that do not constitute grounds for refusal to accept a document. These are not a comprehensive enumeration of defects outside the scope of permitted grounds for refusal to accept a UCC document for filing.

A. Errors. The UCC document contains or appears to contain a misspelling or other apparently erroneous information.

B. Incorrect names.

(1) The UCC document appears to identify a debtor incorrectly.

(2) The UCC document appears to identify a secured party or a secured party of record incorrectly.

C. Extraneous information. The UCC document contains additional or extraneous information of any kind.

D. Insufficient information. The UCC document contains less than the information required by

Chapter 55, Article 9 NMSA 1978; provided that the document contains the information required in Subsections A through E of 12.6.2.28 NMAC.

E. Collateral description. The UCC document incorrectly identifies collateral, or contains an illegible or unintelligible description of collateral, or appears to contain no such description.

F. Excessive fee. The document is accompanied by funds in excess of the full filing fee.

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