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Current as of January 01, 2024 | Updated by FindLaw Staff
(a) Except as provided in Subsections (b) and (d) of this section, the fee for filing and indexing a record pursuant to Sections 55-9-501 through 55-9-526 NMSA 1978 in the office of the secretary of state is:
(1) if the record is communicated in writing in a form prescribed by the secretary of state:
(i) twenty dollars ($20.00) if the record consists of one, two or three pages;
(ii) forty dollars ($40.00) if the record consists of at least four pages, but no more than twenty-five pages; and
(iii) one hundred dollars ($100) if the record consists of more than twenty-five pages, plus five dollars ($5.00) for each page;
(2) if the record is communicated in writing, but not in a form prescribed by the secretary of state, double the amount specified in Paragraph (1) of this subsection for a record of the same length;
(3) if the record is communicated by facsimile or a similar medium and the use of that medium is authorized by filing-office rule, the amount specified in Paragraph (1) of this subsection for a record of the same length; and
(4) if the record is communicated in any other medium authorized by filing-office rule:
(i) ten dollars ($10.00) if the record consists of fifteen thousand or fewer bytes; and
(ii) twenty dollars ($20.00) if the record consists of more than fifteen thousand bytes.
(b) Except as otherwise provided in Subsection (d) of this section, the fee for filing and indexing an initial financing statement of the following kind is the amount specified in Subsection (a) of this section plus:
(1) one hundred dollars ($100) if the financing statement states that a debtor is a transmitting utility; and
(2) one hundred dollars ($100) if the financing statement indicates that it is filed in connection with a manufactured-home transaction.
(c) The number of names required to be indexed does not affect the amount of the fee set forth in Subsections (a) and (b) of this section.
(d) This section does not require a fee with respect to a record of a mortgage that is effective as a financing statement filed as a fixture filing or as a financing statement covering as-extracted collateral or timber to be cut under Subsection (c) of Section 55-9-502 NMSA 1978. However, the recording fees that otherwise would be applicable to the record of the mortgage apply.
(e) The secretary of state is authorized to establish additional fees for sale of data or records by adopting and publishing rules, pursuant to Section 55-9-526 NMSA 1978, to implement the requirements set forth in Chapter 55, Article 9 NMSA 1978.
(f) The fee for filing and indexing a record pursuant to Sections 55-9-501 through 55-9-526 NMSA 1978 in the office of the county clerk is as provided in Section 14-8-15 NMSA 1978.
Cite this article: FindLaw.com - New Mexico Statutes Chapter 55. Uniform Commercial Code § 55-9-525. Fees - last updated January 01, 2024 | https://codes.findlaw.com/nm/chapter-55-uniform-commercial-code/nm-st-sect-55-9-525/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature or via Westlaw before relying on it for your legal needs.
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