Section 55-9-605 - Unknown debtor or secondary obligor. - New Mexico Statutes

55-9-605. Unknown debtor or secondary obligor.

A secured party does not owe a duty based on its status as secured party:   

(1)     to a person that is a debtor or obligor, unless the secured party knows:   

(A)     that the person is a debtor or obligor;   

(B)     the identity of the person; and   

(C)     how to communicate with the person; or   

(2)     to a secured party or lienholder that has filed a financing statement against a person, unless the secured party knows:   

(A)     that the person is a debtor; and   

(B)     the identity of the person.