2021 New Mexico Statutes
Chapter 48 - Liens and Mortgages

Section 48-1-7 - Federal liens and notices filed before the effective date of act. - Recording officers with whom notices of federal liens, certificates and...

Article 1A - Lien Protection Efficiency

Section 48-1A-1 - Short title. - This act [48-1A-1 to 48-1A-9 NMSA 1978] may be cited...

Section 48-1A-2 - Findings; purpose. - A. The legislature finds: (1) that there is a problem...

Section 48-1A-3 - Definitions. - As used in the Lien Protection Efficiency Act: A. "court"...

Section 48-1A-4 - Construction. - A. The Lien Protection Efficiency Act shall not be construed...

Section 48-1A-5 - Non-enforceability of nonconsensual common law liens. - Nonconsensual common law liens against real property shall not be...

Section 48-1A-6 - Invalidity of claim of lien against a state or local official or employee or a federal official or employee; filing of notice of invalid lien. - A. A claim of lien against a state or local...

Section 48-1A-7 - No duty to accept or to disclose a nonconsensual common law lien; immunity from liability. - A. A filing officer does not have a duty to...

Section 48-1A-8 - Action to void lien; order to show cause; service of process. - A. A person whose real or personal property is subject...

Section 48-1A-9 - Orders; liability for costs and attorney fees; damages. - A. If, in proceedings pursuant to Section 8 [48-1A-8 NMSA...

Article 2 - Mechanics' and Materialmen's Liens

Section 48-2-1 - ["Lien" defined.] - A lien is a charge imposed upon specific property, by...

Section 48-2-2 - Mechanics and materialmen; lien; labor, equipment and materials furnished; definition of agent of owner. - Every person performing labor upon, providing or hauling equipment, tools...

Section 48-2-2.1 - Procedure for perfecting certain mechanics' and materialmen's liens. - A. The provisions of Subsections B through D of this...

Section 48-2-3 - [Improvement of city or town lot or street; lien on lot.] - Any person who, at the request of the owner of...

Section 48-2-4 - [Lien covers improvements and land.] - The land upon which any building, improvement or structure is...

Section 48-2-5 - Preference over other encumbrances. - A. The liens provided for in Sections 48-2-1 through 48-2-17...

Section 48-2-6 - Time for filing lien claim; contents. - Every original contractor, within one hundred and twenty days after...

Section 48-2-7 - [Claims against two or more buildings or improvements; statement of amount due; loss of preference.] - In every case in which one claim is filed against...

Section 48-2-8 - Recording of liens; indexing; fees. - The county clerk shall make a record of a claim...

Section 48-2-9 - Petition to cancel lien; security. - A. The owner of any building, mining claim, improvement or...

Section 48-2-10 - Limitation of action to enforce. - No lien provided for in Sections 48-2-1 through 48-2-17 NMSA...

Section 48-2-10.1 - Repealed. - Repeals. — Laws 1989, ch. 301, § 13 repealed 48-2-10.1...

Section 48-2-11 - [Construction with knowledge of owner subjects land to lien; notice by owner of nonresponsibility.] - Every building or other improvement mentioned in the second section...

Section 48-2-12 - Contractor liable for liens of subcontractors. - The contractor shall be entitled to recover upon a lien...

Section 48-2-13 - [Rank of liens; order of payment.] - In every case in which different liens are asserted against...

Section 48-2-14 - Joinder of actions; attorney fees; costs. - Any number of persons claiming liens may join in the...

Section 48-2-15 - [Materials exempt from attachment or execution for purchaser's debts.] - Whenever materials shall have been furnished for use in the...

Section 48-2-16 - [Personal action for recovery of debt not affected.] - Nothing contained in this article shall be construed to impair...

Section 48-2-17 - Contractors; workmen's compensation insurance premiums; rights against performance bond. - Unpaid premiums or charges for the furnishing of workmen's compensation...

Section 48-2-19 - Repealed. - Repeals. — Laws 1981, ch. 352, § 2, repealed 48-2-18...

Article 2A - Stop Notice Act

Section 48-2A-1 - Short title. - This act [48-2A-1 to 48-2A-12 NMSA 1978] may be cited...

Section 48-2A-2 - Purpose. - The legislature finds there are practices within the industry of...

Section 48-2A-3 - Definitions. - As used in the Stop Notice Act: A. "bond" means...

Section 48-2A-4 - Requirements for disclosure; owners and construction lenders. - A. In every instance where an original contractor proposes to...

Section 48-2A-5 - Stop notices; contents. - A stop notice shall not be effective unless: A. it...

Section 48-2A-6 - Notices. - A. Any preliminary notice given under the Stop Notice Act...

Section 48-2A-7 - Stop notices; bonds. - A. A stop notice shall not be effective unless it...

Section 48-2A-8 - Distribution of construction funds; liability. - A. Upon receipt of a claim stated in a stop...

Section 48-2A-9 - Limitations for filing suit by claimant. - A. Suit for satisfaction of the stop notice shall be...

Section 48-2A-10 - Claim satisfied notice; procedure; contents; penalty. - A. A stop notice shall be discharged when: (1) the...

Section 48-2A-11 - Discharge; penalty. - A. Payment by the owner or his successor in interest...

Section 48-2A-12 - Purchase closing; penalty. - A. The original contractor, upon accomplishing completion of construction and...

Article 3 - Liens on Personal Property

Section 48-3-1 - Liens for manufacture or repairs; motor vehicles. - A. All artisans and mechanics shall have a lien on...

Section 48-3-2 - [Labor liens on horse-drawn vehicles.] - Any person who shall perform any labor upon any wagon,...

Section 48-3-3 - Penalty. - Any person removing or attempting to remove any property from...

Section 48-3-4 - [Blacksmith's lien.] - Any person who shall shoe or cause to be shod...

Section 48-3-5 - Landlords' liens. - A. Landlords have a lien on the property of their...

Section 48-3-6 - Landlord's preference in bankruptcy or insolvency proceedings. - In all cases where a tenant becomes insolvent and any...

Section 48-3-7 - Liens for board, feed, shelter or pasture; priority. - A. Innkeepers, livery stable keepers, lessors and agistors and those...

Section 48-3-8 - [Common carriers' liens.] - Common carriers shall have a lien on the things carried...

Section 48-3-9 - [Loss of lien.] - Any lien acquired under the provisions of this law [48-3-1...

Section 48-3-10 - [Priorities between liens.] - The priorities of liens provided for by this act shall...

Section 48-3-11 - [Acceptance of collateral security waives lien.] - No person shall be entitled to a lien under this...

Section 48-3-12 - [Assignability of liens.] - Liens provided under this act shall be assignable. History: Code...

Section 48-3-13 - Enforcement of liens; optional methods. - A. In order to enforce any lien under Sections 48-3-1...

Section 48-3-14 - Advertisement and sale of property. - If default be made in the payment of the debt,...

Section 48-3-15 - [Disposition of proceeds of sale; purchase by lien claimant.] - After sale made as provided in the preceding section [48-3-14...

Section 48-3-16 - Liens of owners and operators of public accommodations. - A. The owner or operator of any hotel, motel, trailer...

Section 48-3-17 - [Priority and enforcement of lien.] - The lien provided for under this act [48-3-16 to 48-3-18...

Section 48-3-18 - [Penalty for removal of property on which lien has attached.] - Any person removing or attempting to remove any property on...

Section 48-3-19 - Lien for towing, storage or wrecker service for automobiles. - All garage owners and persons engaged in the business of...

Section 48-3-20 - [Rights of holder of lien for automobile service.] - The person entitled to a lien hereunder may retain such...

Section 48-3-21 - Definitions. - As used in Sections 48-3-1 through 48-3-20 NMSA 1978: A....

Section 48-3-22 - Lien for work or services by retaining possession. - A. A person or firm, which, at the request of...

Section 48-3-23 - Possession; when lien shall not exist. - The possession required under this act [48-3-22 to 48-3-27 NMSA...

Section 48-3-24 - Lien not exclusive. - The lien provided for by this act [48-3-22 to 48-3-27...

Section 48-3-25 - Enforcement of lien. - Three (3) months after the debt for which the lien...

Section 48-3-26 - Sale to enforce lien. - A. Six (6) months after the debt for which the...

Section 48-3-27 - Disposition of proceeds of sale. - The proceeds of such sale shall be applied first to...

Section 48-3-28 - Lien for laundering, dry cleaning or renovating by retaining possession; possession; sale. - A. Any person or firm that, at the request of...

Section 48-3-29 - Lien for repair or service to aircraft; detention; priority; enforcement. - A. Any person engaged in the business of operating an...

Article 4 - Abstracters' Liens

Section 48-4-1 - Lien on real estate. - Every bonded abstracter or abstract company, doing business in compliance...

Section 48-4-2 - Time for filing claim; contents of claim. - Every abstracter claiming the benefit of this act [48-4-1 to...

Section 48-4-3 - Recording of liens; indexing; fees. - The county clerk must record the claim of lien in...

Section 48-4-4 - Limitation on enforcement of liens; manner of enforcement. - No lien provided for in this act [48-4-1 to 48-4-4...

Article 5 - Threshing Liens

Section 48-5-1 - Who may have. - Any owner or lessee of a threshing machine who threshes...

Section 48-5-2 - Procedure to obtain lien. - Any person entitled to a lien under this chapter [48-5-1...

Section 48-5-3 - Priority. - Such lien shall have priority over all other liens and...

Article 5A - Harvester's Liens

Section 48-5A-1 - Who may have a lien. - Any individual or company who harvests any crop for another,...

Section 48-5A-2 - Procedure to obtain lien. - Any person or company entitled to a lien under this...

Section 48-5A-3 - Petition to cancel lien; security. - A. The owner of any crop subject to a harvester's...

Article 5B - Producers' Liens (Repealed.)

Section 48-5B-1 to 48-5B-14 - Repealed. - Repeals. — Laws 1997, ch. 83, § 1 repealed 48-5B-1...

Article 6 - Agricultural Landlord Liens

Section 48-6-1 - Landlords shall have preference lien. - All persons leasing or renting agricultural lands, at will or...

Section 48-6-2 - Tenants not to remove property subject [to lien]. - It shall not be lawful for the tenant, while the...

Section 48-6-3 - When lien expires. - Such preference lien shall continue as to such agricultural products...

Section 48-6-4 - Do not apply to, etc. - Such lien shall not attach to the goods, wares and...

Section 48-6-5 - Distress warrant. - When any rent or advances shall become due, or the...

Section 48-6-6 - Oath and bond. - The plaintiff, his agent or attorney, shall make oath that...

Section 48-6-7 - Distress warrant, issued by whom. - Upon the filing of such oath and bond, it shall...

Section 48-6-8 - Duty of officer. - It shall be the duty of the officer to whom...

Section 48-6-9 - Defendant may replevy. - The defendant shall have the right at any time within...

Section 48-6-10 - Judgment against sureties. - When the property levied on has been replevied as provided...

Section 48-6-11 - Perishable property sold. - If the property is of a perishable or wasting kind,...

Section 48-6-12 - Summons for defendant. - It shall be the duty of the justice of the...

Section 48-6-13 - Rights of tenant. - Nothing in this act [48-6-1 to 48-6-16 NMSA 1978] shall...

Section 48-6-14 - Tenants shall not sublet without consent, etc. - If lands are rented by the landlord to any person...

Section 48-6-15 - Suit in district court. - When the amount in controversy is in excess of two...

Section 48-6-16 - [Construction of act.] - This act [48-6-1 to 48-6-16 NMSA 1978] shall not be...

Article 7 - Mortgages

Section 48-7-1 - Right of possession. - In the absence of stipulation to the contrary, the mortgagor...

Section 48-7-2 - Repealed. - History: Laws 1927, ch. 43, § 1; C.S. 1929, §...

Section 48-7-3 - Repealed. - History: Laws 1927, ch. 43, § 2; C.S. 1929, §...

Section 48-7-4 - Release on record upon satisfaction of mortgage. - A. When any debt or evidence of debt secured by...

Section 48-7-4.1 - Alternative form of release of mortgage; filing by title insurer. - A. If, within ninety days after full satisfaction of a...

Section 48-7-5 - [Failure to release; penalty; civil liability.] - Any person who shall be guilty of violating the preceding...

Section 48-7-6 - [Release by administrator or executor of deceased mortgagee.] - When the mortgagee of any land or tenements shall die...

Section 48-7-7 - Sale of real property under power of sale; allowed if trustor agrees. - Except as specifically provided in the Deed of Trust Act...

Section 48-7-8 - Mortgage escrow funds; limitation; credit against principal. - A. A monthly charge may be held in escrow by...

Section 48-7-9 - Mortgages; future advances; lien. - Every mortgage or other instrument securing a loan upon real...

Section 48-7-10 - Mortgages; insurance proceeds. - Where there is a mortgage of a single family residence...

Section 48-7-10.1 - Repealed. - History: Laws 2003, ch. 200, § 1; 2005, ch. 191,...

Section 48-7-11 to 48-7-14 - Repealed. - Repeals. — Laws 1983, ch. 314, § 11, repealed 48-7-11...

Section 48-7-15 - Purpose [of "due-on-sale" law]. - A. The legislature finds that the congress of the United...

Section 48-7-16 - Definitions. - As used in this act [48-7-15 to 48-7-24 NMSA 1978]:...

Section 48-7-17 - Due-on-sale generally enforceable. - Notwithstanding any provision of the statutory or common laws of...

Section 48-7-18 - Real property loan contract controls. - Except as otherwise provided in Sections 5 and 6 [48-7-19,...

Section 48-7-19 - Limitation of enforcement of regulated due-on-sale clauses. - A. In the exercise of its options under a due-on-sale...

Section 48-7-20 - Limitation of exercise of all due-on-sale [options]. - A lender may not exercise its option pursuant to a...

Section 48-7-21 - Security; safeguard. - Any lender who feels the security interest is endangered by...

Section 48-7-22 - Due-on-sale policy on nonregulated contracts. - In the exercise of its option under a due-on-sale clause,...

Section 48-7-23 - Governmental entity limitation of act. - The provisions of Section 5 [48-7-19 NMSA 1978] of this...

Section 48-7-24 - Attorney fees. - Attorney's fees shall be awarded to the prevailing party in...

Article 8 - Hospital Liens

Section 48-8-1 - Liens upon personal injury damages recovered by patients; creation; exception. - A. Every hospital located within the state that furnishes emergency,...

Section 48-8-2 - Filing and notice of hospital liens. - No hospital lien is effective upon damages recovered for personal...

Section 48-8-3 - Persons liable for payment of lien; limitation of actions. - A. Any person, firm or corporation, including an insurance carrier,...

Section 48-8-4 - County clerk to maintain hospital lien records. - Every county clerk shall maintain a proper index of all...

Section 48-8-5 - Release of lien. - The hospital shall, upon receipt of payment of the lien...

Section 48-8-6 - Repealed. - Repeals. — Laws 1995, ch. 78, § 2 repealed 48-8-6...

Section 48-8-7 - [Hospital's interest in settlement restricted to lien rights.] - Nothing in this act [48-8-1 to 48-8-7 NMSA 1978] shall...

Article 9 - Oil and Gas Products Lien Act

Section 48-9-1 - Short title. - Sections 48-9-1 through 48-9-8 NMSA 1978 may be cited as...

Section 48-9-2 - Definitions. - As used in the Oil and Gas Products Lien Act:...

Section 48-9-3 - Security interest; lien; payment. - A. To secure payment from the first purchaser of the...

Section 48-9-4 - Validity of security interest and lien; possession. - The validity of the purchase money security interest and lien...

Section 48-9-5 - Perfection of security interest and lien; filing notice. - A. If the purchase price for products, state royalty and...

Section 48-9-6 - Effect of act and filing; title; purchaser's rights; collateral security. - A. Neither the provisions of the Oil and Gas Products...

Section 48-9-7 - Enforcement; actions and costs; cumulative remedies. - A. The purchase money security interest and lien granted to...

Section 48-9-8 - Priority; assignment; representation. - A. Liens or claims for taxes measured by the value...

Article 10 - Deeds of Trust

Section 48-10-1 - Short title. - Sections 1 through 21 [48-10-1 to 48-10-21 NMSA 1978] of...

Section 48-10-2 - Repealed. - History: Laws 1987, ch. 61, § 2; 1993, ch. 145,...

Section 48-10-3 - Definitions. - As used in the Deed of Trust Act, unless the...

Section 48-10-4 - Repealed. - History: Laws 1987, ch. 61, § 4; 1993, ch. 145,...

Section 48-10-5 - Description of trust real estate; mailing address of trustor, beneficiary and trustee. - A. In deeds of trust the legal description of trust...

Section 48-10-6 - Trustee of deed of trust; qualification. - A. Except as provided in Subsection B of this section,...

Section 48-10-7 - Appointment of successor trustee by beneficiary. - A. If a person appointed as trustee fails to qualify,...

Section 48-10-8 - Deed of trust as security. - Deeds of trust may be executed as security for the...

Section 48-10-9 - Grants in trust of real estate; uses. - Grants or mortgages of trust real estate may be made...

Section 48-10-10 - Sale of trust real estate; power of trustee; foreclosure of deed of trust. - A. By virtue of the trustee's position, a power of...

Section 48-10-11 - Notice of trustee's sale. - A. The trustee shall give written notice of the time...

Section 48-10-12 - Request for copies of notice of sale; mailing by trustee or beneficiary. - A. A person desiring a copy of a notice of...

Section 48-10-13 - Sale by public auction; postponement of sale. - A. On the date and at the time and place...

Section 48-10-14 - Payment of bid; trustee's deed. - A. The purchaser at the sale, other than the beneficiary...

Section 48-10-15 - Disposition of proceeds of sale. - A. The trustee shall apply the proceeds of the sale...

Section 48-10-16 - Redemption. - A. Except as otherwise provided in Subsection E of this...

Section 48-10-17 - Action to recover balance after sale or foreclosure on trust real estate as provided in deed of trust; action to recover balance prohibited on loans secured by low-income households. - A. Except as provided in Subsections D and E of...

Section 48-10-18 - Method of indexing. - Every deed of trust, substitution of trustee, notice of resignation...

Section 48-10-19 - Limitation on action or sale of trust real estate. - The sale of trust real estate by the trustee under...

Section 48-10-20 - Notice from instruments recorded; assignment of a beneficial interest. - Except as otherwise provided in this section, a deed of...

Section 48-10-21 - Liberal interpretation. - The Deed of Trust Act shall be liberally construed to...

Article 11 - Self-Service Storage Liens

Section 48-11-1 - Short title. - This act [48-11-1 to 48-11-9 NMSA 1978] may be cited...

Section 48-11-2 - Definitions. - As used in the Self-Service Storage Lien Act: A. "default"...

Section 48-11-3 - Rental agreement. - The rental agreement shall contain a notice stating that all...

Section 48-11-4 - Self-service storage facility; exclusion. - A self-service storage facility is not a warehouse as that...

Section 48-11-5 - Lien established. - When an owner has a lien, it is on all...

Section 48-11-6 - Perfected security interests; payment; possession. - Any person who has a perfected security interest under Chapter...

Section 48-11-7 - Enforcement of lien. - A. An owner's lien, as provided under the Self-Service Storage...

Section 48-11-8 - Notice; posting. - Each owner shall post in a prominent place in his...

Section 48-11-9 - Criminal liability. - Any person who willfully fails to disclose any lienholder as...

Article 12 - Commercial Real Estate Broker Liens

Section 48-12-1 - Short title. - This act [48-12-1 to 48-12-7 NMSA 1978] may be cited...

Section 48-12-2 - Definitions. - As used in the Commercial Real Estate Broker Lien Act:...

Section 48-12-3 - Broker's lien for compensation for services; requirements. - A broker shall have a lien upon commercial real estate...

Section 48-12-4 - Notice of lien; attachment requirements; recording; contents; mailing. - A. A broker shall record a notice of lien within...

Section 48-12-5 - Commencement of action; recording satisfaction of lien. - A. A broker claiming a lien under the Commercial Real...

Section 48-12-6 - Petition to cancel lien; security. - A. The owner of any commercial real estate upon which...

Section 48-12-7 - Attorney fees. - The cost of proceedings, including trial and appellate court proceedings,...

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2021 New Mexico Statutes Chapter 48 - Liens and Mortgages

2021 New Mexico Statutes
Chapter 48 - Liens and Mortgages