12.6.2.26

ACCEPTANCE AND REFUSAL OF DOCUMENTS - POLICY STATEMENT. The duties and responsibilities of the filing officer with respect to the administration of the UCC are ministerial. In accepting for filing or refusing to file a UCC document pursuant to these rules, the filing officer does none of the following:

1. A. Determine the legal sufficiency or insufficiency of a document.
2. B. Determine that a security interest in collateral exists or does not exist.
3. C. Determine that information in the document is correct or incorrect, in whole or in part.
4. D. Create a presumption that information in the document is correct or incorrect, in whole or in part.

[12.6.2.26 NMAC - N, 7/1/2001]