No filing of the premium finance agreement shall be necessary to perfect the validity of such agreement as a secured transaction as against creditors, subsequent purchasers, pledges and encumbrances, successor or assigns.
§ 59A-45-12 NMSA 1978
Exemption from any filing requirement
Known as the Insurance Premium Financing Law
The act spans §§ 59–59 (16 sections).
Laws 1984, ch. 127, § 843.
Official source: NMOneSource (New Mexico Compilation Commission). Reproduced from public-domain New Mexico statutes; confirm against the official source for the current text. Not legal advice.