As used in this act [47-4-1 to 47-4-9 NMSA 1978]: A. “person” includes individuals, firms, partnerships, associations, cooperatives and corporations; and B. “abstracter’s business” means the business of compiling or furnishing abstracts of title to any real estate within this state. History: 1953 Comp., § 70-2-5, enacted by Laws 1963, ch. 307, § 1. ANNOTATIONS […]
A. No abstract company or other person regularly engaged in the business of handling the closing of real estate sales shall collect attorney’s fees imposed by the abstract company or other person regularly engaged in the business of handling the closing of real estate upon the vendor or vendee of the real estate in a […]
A. No person shall conduct an abstracter’s business without first entering into a bond to the state of New Mexico for the use and benefit of any person who shall sustain any loss or damage by reason of the failure of the abstracter to set out, or record, properly, any instrument, or other item of […]
No suit shall be brought upon the bond, or against the surety, after six years from the date of the last certificate contained in the abstract. History: 1953 Comp., § 70-2-7, enacted by Laws 1963, ch. 307, § 3. ANNOTATIONS Am. Jur. 2d, A.L.R. and C.J.S. references. — 1 Am. Jur. 2d Abstracts of Title […]
No person shall conduct an abstracter’s business unless the person owns, operates or controls an abstract plant consisting of tract indexes and other records, showing in brief comprehensive form, or full copy, all instruments of record or on file, affecting real estate in the county where he is bonded to transact business. The plant shall […]
A. Every person who, on January 1, 1963, was actively engaged in the business of compiling or furnishing abstracts of title to real estate within any county in this state, shall be exempt from the requirement of having a twenty-year abstract plant in order to conduct an abstracters [abstracter’s] business in such county, provided that […]
No person shall conduct an abstracter’s business without first filing with the county clerk of the county where the business shall be conducted, an affidavit that such person has complied, and is complying, with the requirements for an abstract plant. The affidavit shall be filed on or before July 1 of each year and abstracter […]
An abstracter who has filed the necessary bond and affidavit shall receive a certificate from the county clerk to the effect that the bond and affidavit have been recorded, and this certificate shall be evidence of the right and authority of the abstracter to conduct business in the county so long as he maintains, unimpaired, […]
Any person found guilty of violating the provisions of this act [47-4-1 to 47-4-9 NMSA 1978], including, but not limited to the filing of a false affidavit, shall, upon conviction, be fined not less than one hundred dollars ($100) nor more than one thousand dollars ($1,000) for each offense. History: 1953 Comp., § 70-2-12, enacted […]
The provisions of Sections 4, 6 and 7 [47-4-4, 47-4-6, 47-4-7 NMSA 1978] of this act do not apply to mineral abstracting. History: 1953 Comp., § 70-2-13, enacted by Laws 1963, ch. 307, § 9.
