New Mexico Statutes
Chapter 56 - Commercial Instruments and Transactions
Article 15 - Uniform Assignment of Rents

Section 56-15-1 - Short title. - This act [56-15-1 to 56-19-19 NMSA 1978] may be cited...

Section 56-15-2 - Definitions. - As used in the Uniform Assignment of Rents Act: A....

Section 56-15-3 - Manner of giving notification. - A. Except as otherwise provided in Subsections C and D...

Section 56-15-4 - Security instrument creates assignment of rents; assignment of rents creates security interest. - A. An enforceable security instrument creates an assignment of rents...

Section 56-15-5 - Recordation; perfection of security interest in rents; priority of conflicting interests in rents. - A. A document creating an assignment of rents may be...

Section 56-15-6 - Enforcement of security interest in rents. - A. An assignee may enforce an assignment of rents using...

Section 56-15-7 - Enforcement by appointment of receiver. - A. An assignee is entitled to the appointment of a...

Section 56-15-8 - Enforcement by notification to assignor. - A. Upon the assignor's default, or as otherwise agreed by...

Section 56-15-9 - Enforcement by notification to tenant. - A. Upon the assignor's default, or as otherwise agreed by...

Section 56-15-10 - Notification to tenant; form. - No particular phrasing is required for the notification specified in...

Section 56-15-11 - Effect of enforcement. - The enforcement of an assignment of rents by one or...

Section 56-15-12 - Application of proceeds. - Unless otherwise agreed, an assignee that collects rents pursuant to...

Section 56-15-13 - Application of proceeds to expenses of protecting real property; claims and defenses of tenant. - A. Unless otherwise agreed by the assignee, and subject to...

Section 56-15-14 - Turnover of rents; commingling and identifiability of rents; liability of assignor. - A. As used in this section, "good faith" means honesty...

Section 56-15-15 - Perfection and priority of assignee's security interest in proceeds. - A. As used in this section: (1) "Article 9" means...

Section 56-15-16 - Priority subject to subordination. - The Uniform Assignment of Rents Act does not preclude subordination...

Section 56-15-17 - Uniformity of application and construction. - In applying and construing the Uniform Assignment of Rents Act,...

Section 56-15-18 - Relation to Federal Electronic Signatures in Global and National Commerce Act. - The Uniform Assignment of Rents Act modifies, limits and supersedes...

Section 56-15-19 - Application to existing relationships. - A. Except as otherwise provided in this section, the Uniform...