PocketLaw | New Mexico Statutes | Form of financing statement and

Form of financing statement and amendment; records.

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(a) A filing office that accepts written records may not refuse to accept a written initial financing statement that is in the following form and format, except for a reason set forth in Subsection (b) of Section 55-9-516 NMSA 1978:

"UCC FINANCING STATEMENT

FOLLOW INSTRUCTIONS

A. NAME & PHONE OF CONTACT AT FILER (optional)

_______________________________________________________

B. E-MAIL CONTACT AT FILER (optional)

_______________________________________________________

C. SEND ACKNOWLEDGMENT TO: (Name and Address)

_______________________________________________________ THE ABOVE SPACE IS

_______________________________________________________ FOR FILING

_______________________________________________________ OFFICE USE ONLY

1.	DEBTOR'S NAME: Provide only one Debtor name (1a or 1b) (use exact, full name; do not omit, modify, or abbreviate any part of the Debtor's name), if any part of the Individual Debtor's name will not fit in line 1b, leave all of item 1 blank, check here Q and provide the Individual Debtor information in item 10 of the Financing Statement Addendum (Form UCC1Ad)

	1a.	ORGANIZATION'S NAME
	_______________________________________________________
OR	1b.	INDIVIDUAL'S SURNAME
	_______________________________________________________
		FIRST PERSONAL NAME
	_______________________________________________________
		ADDITIONAL NAME(S)/INITIAL(S)		SUFFIX
	_______________________________________________________
	1c.	MAILING ADDRESS
	_______________________________________________________
	CITY STATE POSTAL CODE	COUNTRY
2.	DEBTOR'S NAME: Provide only one Debtor name (2a or 2b) (use exact, full name; do not omit, modify, or abbreviate any part of the Debtor's name), if any part of the Individual Debtor's name will not fit in line 2b, leave all of item 2 blank, check here Q and provide the Individual Debtor information in item 10 of the Financing Statement Addendum (Form UCC1Ad)

	2a.	ORGANIZATION'S NAME
	______________________________________________________
OR	2b.	INDIVIDUAL'S SURNAME
	______________________________________________________
		FIRST PERSONAL NAME
	______________________________________________________
		ADDITIONAL NAME(S)/INITIAL(S)		SUFFIX
	______________________________________________________
	2c.	MAILING ADDRESS
	______________________________________________________
	CITY STATE POSTAL CODE	COUNTRY
	______________________________________________________
3.	SECURED PARTY'S NAME (or NAME of ASSIGNEE of ASSIGNOR SECURED PARTY) Provide only one Secured Party name (3a or 3b)

	3a.	ORGANIZATION'S NAME
	_______________________________________________________
OR	3b.	INDIVIDUAL'S SURNAME
	_______________________________________________________
		FIRST PERSONAL NAME
	_______________________________________________________
		ADDITIONAL NAME(S)/INITIAL(S)	SUFFIX
	_______________________________________________________
	3c.	MAILING ADDRESS
	_______________________________________________________
	CITY STATE POSTAL CODE	COUNTRY
	_______________________________________________________

4.	COLLATERAL: This financing statement covers the following collateral
	_______________________________________________________
	_______________________________________________________
	_______________________________________________________
5.	Check only if applicable and check only one box.
	Collateral is
	Q held in a Trust (see UCC1Ad, item 17 and instructions)
	Q being administered by a Decedent's Personal Representative
6a.	Check only if applicable and check only one box.
	Q Public-Finance Transaction
	Q Manufactured-Home Transaction
	Q A Debtor is a Transmitting Utility
6b.	Check only if applicable and check only one box.
	Q Agricultural Lien
	Q Non-UCC Filing
7.	ALTERNATIVE DESIGNATION (if applicable)
	Q Lessee/Lessor
	Q Consignee/Consignor
	Q Seller/Buyer
	Q Bailee/Bailor
	Q Licensee/Licensor
8.	OPTIONAL FILER REFERENCE DATA:
	_______________________________________________________
	UCC FINANCING STATEMENT (Form UCC1)(Rev. 04/20/11)
UCC FINANCING STATEMENT ADDENDUM
FOLLOW INSTRUCTIONS
9.	NAME OF FIRST DEBTOR: Same as line 1a or 1b on Financing Statement; if line 1b was left blank because Individual Debtor name did not fit, check here ____

	9a.	ORGANIZATION'S NAME
	_______________________________________________________
OR	9b.	INDIVIDUAL'S SURNAME
	_______________________________________________________
		FIRST PERSONAL NAME		THE ABOVE SPACE IS FOR FILING
	___________________________________	OFFICE USE ONLY
		ADDITIONAL NAME(S)/INITIAL(S) SUFFIX
	_______________________________________________________
10.	DEBTOR'S NAME: Provide (10a or 10b) only one additional Debtor name or Debtor name that did not fit in line 1b or 2b of the Financing Statement (Form UCC1)(use exact, full name; do not omit, modify, or abbreviate any part of the Debtor's name) and enter the mailing address in line 10c

	10a.	ORGANIZATION'S NAME
	_______________________________________________________
OR	10b.	INDIVIDUAL'S SURNAME
	_______________________________________________________
		FIRST PERSONAL NAME
	_______________________________________________________
		ADDITIONAL NAME(S)/INITIAL(S) SUFFIX
	_______________________________________________________
	10c.	MAILING ADDRESS
	_______________________________________________________
	CITY STATE POSTAL CODE	COUNTRY
	_______________________________________________________
11.	___	ADDITIONAL SECURED PARTY'S NAME or
	___	ASSIGNOR SECURED PARTY'S NAME: Provide only one name (11a or 11b)
	11a.	ORGANIZATION'S NAME
	_______________________________________________________
OR	11b.	INDIVIDUAL'S SURNAME
	_______________________________________________________
		FIRST PERSONAL NAME
	_______________________________________________________
		ADDITIONAL NAME(S)/INITIAL(S) SUFFIX
	_______________________________________________________
	11c.	MAILING ADDRESS
	_______________________________________________________
	CITY STATE POSTAL CODE	COUNTRY
	_______________________________________________________
12.	ADDITIONAL SPACE FOR ITEM 4 (Collateral):
	_______________________________________________________
	_______________________________________________________
	_______________________________________________________
13.	This FINANCING STATEMENT is to be filed [for record] (or recorded) in the REAL ESTATE RECORDS (if applicable)
14.	This FINANCING STATEMENT:
	____	covers timber to be cut
	____	covers as-extracted collateral
	____	is filed as a fixture filing
15.	Name and address of a RECORD OWNER of real estate described in item 16 (if Debtor does not have a record interest):
	_______________________________________________________
	_______________________________________________________
	_______________________________________________________
16.	Description of real estate:
	_______________________________________________________
	_______________________________________________________
	_______________________________________________________
17.	MISCELLANEOUS:
	_______________________________________________________
	_______________________________________________________
UCC FINANCING STATEMENT ADDENDUM (Form UCC1Ad)(Rev. 04/20/11)".

(b) A filing office that accepts written records may not refuse to accept a written record in the following form and format except for a reason set forth in Subsection (b) of Section 55-9-516 NMSA 1978:

"UCC FINANCING STATEMENT AMENDMENT

FOLLOW INSTRUCTIONS

A. NAME & PHONE OF CONTACT AT FILER (optional)

_______________________________________________________

B. E-MAIL CONTACT AT FILER (optional)

_______________________________________________________

C. SEND ACKNOWLEDGMENT TO: (Name and Address)

_______________________________________________________ THE ABOVE SPACE IS

_______________________________________________________ FOR FILING

_______________________________________________________ OFFICE USE ONLY

	1a.	INITIAL FINANCING STATEMENT FILE NUMBER
	_____________________________________________
	1b. _____ This FINANCING STATEMENT AMENDMENT is to be filed [for record] (or recorded) in the REAL ESTATE RECORDS Filer: attach Amendment Addendum (Form UCC3Ad) and provide Debtor's name in item 13
2.	_____ TERMINATION: Effectiveness of the Financing Statement identified above is terminated with respect to the security interest(s) of Secured Party authorizing this Termination Statement.
3.	_____ ASSIGNMENT (full or partial): Provide name of Assignee in item 7a or 7b, and address of Assignee in item 7c and name of Assignor in item 9. For partial assignment, complete items 7 and 9 and also indicate affected collateral in item 8.
4.	_____ CONTINUATION: Effectiveness of the Financing Statement identified above with respect to the security interest(s) of Secured Party authorizing this Continuation Statement is continued for the additional period provided by applicable law.
5.	PARTY INFORMATION CHANGE:
	Check one of these two boxes:
	This change affects ___ Debtor or ___ Secured Party of record
	AND Check one of these three boxes to:
	_____ CHANGE name and/or address: Complete item 6a or 6b; and item 7a or 7b and item 7c
	_____ ADD name: Complete item 7a or 7b, and item 7c
	_____ DELETE name: Give record name to be deleted in item 6a or 6b
6.	CURRENT RECORD INFORMATION: Complete for Party Information Change - provide only one name (6a or 6b)
	6a.	ORGANIZATION'S NAME
	_______________________________________________________
OR	6b.	INDIVIDUAL'S SURNAME
	_______________________________________________________
		FIRST PERSONAL NAME
	_______________________________________________________
		ADDITIONAL NAME(S)/INITIAL(S) SUFFIX
	_______________________________________________________
7.	CHANGED OR ADDED INFORMATION: Complete for Assignment or Party Information Change - provide only one name (7a or 7b) (use exact, full name; do not omit, modify, or abbreviate any part of the Debtor's name)
	7a.	ORGANIZATION'S NAME
	___________________________________________
OR	7b.	INDIVIDUAL'S SURNAME
	___________________________________________
		FIRST PERSONAL NAME
	_____________________________________________________________
		ADDITIONAL NAME(S)/INITIAL(S) SUFFIX
	_____________________________________________________________
	7c.	MAILING ADDRESS
	_____________________________________________________________
	CITY STATE POSTAL CODE	COUNTRY
	_____________________________________________________________
8.	___	COLLATERAL CHANGE: Also check one of these four boxes:
	___	ADD collateral	___	DELETE collateral
	___	RESTATE covered collateral	___	ASSIGN collateral
	Indicate collateral: ___________________________________________
9.	NAME OF SECURED PARTY OF RECORD AUTHORIZING THIS AMENDMENT: Provide only one name (9a or 9b) (name of Assignor, if this is an Assignment) If this is an Amendment authorized by a DEBTOR, check here ___ and provide name of authorizing Debtor
	9a.	ORGANIZATION'S NAME
	___________________________________________
OR	9b.	INDIVIDUAL'S SURNAME
	___________________________________________
		FIRST PERSONAL NAME
	_____________________________________________________________
		ADDITIONAL NAME(S)/INITIAL(S) SUFFIX
	_____________________________________________________________
10.	OPTIONAL FILER REFERENCE DATA:
	___________________________________________
UCC FINANCING STATEMENT AMENDMENT ADDENDUM FOLLOW INSTRUCTIONS
11.	INITIAL FINANCING STATEMENT FILE NUMBER: Same as item 1a on Amendment form
	___________________________________________
12.	NAME OF PARTY AUTHORIZING THIS AMENDMENT: Same as item 9 on Amendment form
	12a.	ORGANIZATION'S NAME
	___________________________________________
OR	12b.	INDIVIDUAL'S SURNAME
	___________________________________________
		FIRST PERSONAL NAME
	_____________________________________________________________
	ADDITIONAL NAME(S)/INITIAL(S) SUFFIX
	___________________________________________ THE ABOVE SPACE IS ___________________________________________ FOR FILING ___________________________________________ OFFICE USE ONLY
13.	Name of DEBTOR on related financing statement (Name of a current Debtor of record required for indexing purposes only in some filing offices see Instruction item 13). Provide only one Debtor name (13a or 13b) (use exact, full name; do not omit, modify, or abbreviate any part of the Debtor's name). See instructions if name does not fit.
	13a.	ORGANIZATION'S NAME
	___________________________________________
OR	13b.	INDIVIDUAL'S SURNAME
	___________________________________________
		FIRST PERSONAL NAME
	___________________________________________
		ADDITIONAL NAME(S)/INITIAL(S) SUFFIX
	_____________________________________________________________
14.	ADDITIONAL SPACE FOR ITEM 8 (Collateral):
	_____________________________________________________________
	_____________________________________________________________
	_____________________________________________________________
15.	This FINANCING STATEMENT AMENDMENT: ___ covers timber to be cut, ___ covers as-extracted collateral, ___ is filed as a fixture filing
16.	Name and address of a RECORD OWNER of real estate described in item 17 (if Debtor does not have a record interest):
	_____________________________________________________________
	_____________________________________________________________
	_____________________________________________________________
17.	Description of real estate:
	_____________________________________________________________
	_____________________________________________________________
	_____________________________________________________________
18.	MISCELLANEOUS
	_____________________________________________________________

UCC FINANCING STATEMENT AMENDMENT ADDENDUM
(Form UCC3Ad) (Rev 04/20/11)".

History: 1978 Comp., § 55-9-521, enacted by Laws 2001, ch. 139, § 92; repealed and reenacted by Laws 2013, ch. 137, § 18.

ANNOTATIONS

OFFICIAL COMMENTS

1. Source. New.

2. "Safe Harbor" Written Forms. Although section 9-520 limits the bases upon which the filing office can refuse to accept records, this section provides sample written forms that must be accepted in every filing office in the country, as long as the filing office's rules permit it to accept written communications. By completing one of the forms in this section, a secured party can be certain that the filing office is obligated to accept it.

The forms in this section are based upon national financing statement forms that were in use under former article 9. Those forms were developed over an extended period and reflect the comments and suggestions of filing officers, secured parties and their counsel, and service companies. The formatting of those forms and of the ones in this section has been designed to reduce error by both filers and filing offices.

A filing office that accepts written communications may not reject, on grounds of form or format, a filing using these forms. Although filers are not required to use the forms, they are encouraged and can be expected to do so, inasmuch as the forms are well designed and avoid the risk of rejection on the basis of form or format. As their use expands, the forms will rapidly become familiar to both filers and filing office personnel. Filing offices may and should encourage the use of these forms by declaring them to be the "standard" (but not exclusive) forms for each jurisdiction, albeit without in any way suggesting that alternative forms are unacceptable.

The multi-purpose form in subsection (b) covers changes with respect to the debtor, the secured party, the collateral, and the status of the financing statement (termination and continuation). A single form may be used for several different types of amendments at once (e.g., both to change a debtor's name and continue the effectiveness of the financing statement).

Repeals and reenactments. — Laws 2013, ch. 137, § 18 repealed former 55-9-521 NMSA 1978 and enacted a new section, effective July 1, 2013.

Decisions under former Section 55-9-402 NMSA 1978. — In light of the similarity of this section and former Section 55-9-402 NMSA 1978, annotations decided under former Section 55-9-402 NMSA 1978 have been included in the annotations in this section.

Old security devices replaced by simplified procedures. — Under the terms of the code, the traditional distinctions among security devices such as conditional sales contracts and chattel mortgages are not retained. The code substitutes for such a simplified statutory procedure which applies to all transactions intended to create security interests in personal property and fixtures. 1962 Op. Att'y Gen. No. 62-01 (rendered under former law).

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