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Section 56-15-6 - Enforcement of security interest in rents.

NM Stat § 56-15-6 (2019) (N/A)
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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.

History: Laws 2011, ch. 141, § 6.

Effective dates. — Laws 2011, ch. 141, § 20 made §§ 1 through 19, the Uniform Assignment of Rents Act, effective January 1, 2012.

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Section 56-15-5 - Recordation; perfection of security interest in rents; priority of conflicting interests in rents.
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Section 56-15-7 - Enforcement by appointment of receiver.