New Mexico § 56-15-6 Enforcement of security interest in rents

New Mexico Statutes

§ 56-15-6 — Enforcement of security interest in rents

New Mexico § 56-15-6

Ch. 56Commercial Instruments and Transactions

Art. 15Uniform Assignment of Rents

This text of New Mexico § 56-15-6 (Enforcement of security interest in rents) is published on Counsel Stack Legal Research, covering New Mexico primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

N.M. Stat. Ann. § 56-15-6 (2026).

Text

A. An assignee may enforce an assignment of rents using one or more of the methods specified in Sections 7, 8 and 9 [56-15-7, 56-15-8 and 56-15-9 NMSA 1978] of the Uniform Assignment of Rents Act or any other method sufficient to enforce the assignment pursuant to any law of New Mexico other than that act. B. From the date of enforcement, the assignee or, in the case of enforcement by appointment of a receiver pursuant to Section 7 of the Uniform Assignment of Rents Act, the receiver is entitled to collect all rents that:

(1)have accrued but remain unpaid on that date; and (2) accrue on or after that date, as those rents accrue.

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A. An assignee may enforce an assignment of rents using one or more of the methods specified in Sections 7, 8 and 9 [56-15-7, 56-15-8 and 56-15-9 NMSA 1978] of the Uniform Assignment of Rents Act or any other method sufficient to enforce the assignment pursuant to any law of New Mexico other than that act. B. From the date of enforcement, the assignee or, in the case of enforcement by appointment of a receiver pursuant to Section 7 of the Uniform Assignment of Rents Act, the receiver is entitled to collect all rents that: (1) have accrued but remain unpaid on that date; and (2) accrue on or after that date, as those rents accrue.