N.M. Code R. § 12.6.2.208 - INITIAL FINANCING STATEMENT
A new record is opened in the UCC information management system for each initial financing statement that bears the file number of the financing statement and the date and time of filing.
A. The name and address of each debtor that
are legibly set forth in the financing statement are entered into the record of
the financing statement. Each such debtor name is included in the searchable
index and is not removed until at least one year after the financing statement
lapses. The filing office may choose to make debtor names which have lapsed by
more than a year available in the search index.
B. The name and address of each secured party
that are legibly set forth in the financing statement are entered into the
record of the financing statement.
C. The record is indexed according to the
name of the debtor(s) and is maintained for public inspection.
D. A lapse date is established for the
financing statement, unless the initial financing statement indicates it is
filed against a transmitting utility, and the lapse date is maintained as part
of the record.
E. In accordance
with this rule, a record that is presented for filing and is identified as an
"in lieu of" filing is processed the same as an initial financing
statement.
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