Uniform Assignment of Rents

  1. Law
  2. New Mexico Statutes
  3. Commercial Instruments and Transactions
  4. Uniform Assignment of Rents

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Section
56-15-1

Short title.

Section
56-15-2

Definitions.

Section
56-15-3

Manner of giving notification.

Section
56-15-4

Security instrument creates assignment of rents; assignment of rents creates security interest.

Section
56-15-5

Recordation; perfection of security interest in rents; priority of conflicting interests in rents.

Section
56-15-6

Enforcement of security interest in rents.

Section
56-15-7

Enforcement by appointment of receiver.

Section
56-15-8

Enforcement by notification to assignor.

Section
56-15-9

Enforcement by notification to tenant.

Section
56-15-10

Notification to tenant; form.

Section
56-15-11

Effect of enforcement.

Section
56-15-12

Application of proceeds.

Section
56-15-13

Application of proceeds to expenses of protecting real property; claims and defenses of tenant.

Section
56-15-14

Turnover of rents; commingling and identifiability of rents; liability of assignor.

Section
56-15-15

Perfection and priority of assignee's security interest in proceeds.

Section
56-15-16

Priority subject to subordination.

Section
56-15-17

Uniformity of application and construction.

Section
56-15-18

Relation to Federal Electronic Signatures in Global and National Commerce Act.

Section
56-15-19

Application to existing relationships.