Get the free 9-108 Notice of substitution of counsel for legal - nmsupremecourt nmcourts

9108. Notice of substitution of counsel for legal representation. For use with Magistrate Court Rule 6107, Metropolitan Court Rule 7108 and Municipal Court Rule 8107 NMRA STATE OF NEW MEXICO COUNTY

How to fill out 9-108 notice of substitution

How to fill out a 9-108 notice of substitution:

1. Begin by entering the date at the top of the form. Make sure to use the correct format (mm/dd/yyyy).
2. In the "Debtor" section of the form, enter the full legal name of the debtor. This is usually the individual or entity that owes the debt.
3. Provide the address of the debtor in the space provided. Include the street, city, state, and zip code.
4. Next, enter the name of the secured party. This is the party who holds a security interest or lien on the collateral.
5. Provide the address of the secured party in the space provided. Again, include the street, city, state, and zip code.
6. In the "Collateral" section, describe the collateral being substituted. This may include assets such as vehicles, real estate, or accounts receivable.
7. Indicate the reason for the substitution in the appropriate box. Common reasons for substitution include the assignment or transfer of the security interest or lien.
8. If applicable, provide the name and address of the new secured party receiving the collateral substitution.
9. Finally, sign and date the notice of substitution at the bottom of the form.

Who needs a 9-108 notice of substitution?

A 9-108 notice of substitution is typically needed in situations involving secured transactions, where there is a change in the creditor or the debtor. This notice is required to inform all relevant parties about the substitution of the collateral or the assignment of the security interest. It is an important legal document that helps establish the rights and responsibilities of the involved parties.

Common instances where a 9-108 notice of substitution may be required include:

1. When a lender assigns their interest in a loan or lease to another financial institution.
2. When there is a change in the debtor's obligation to a creditor, resulting in the substitution of the collateral securing the loan.
3. In cases of mergers or acquisitions, where the assets and liabilities of a company are transferred to another entity.
4. When a debtor wishes to refinance their loan with a different lender, resulting in the substitution of collateral.

Regardless of the specific situation, the 9-108 notice of substitution helps ensure transparency and protect the rights of all parties involved in a secured transaction.

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What is 9-108 notice of substitution?

The 9-108 notice of substitution is a legal document filed to replace one party with another in a contract or agreement.

Who is required to file 9-108 notice of substitution?

The party seeking to be substituted must file the 9-108 notice of substitution.

How to fill out 9-108 notice of substitution?

The 9-108 notice of substitution must be filled out with the details of the original party, the new party, and the reasons for the substitution.

What is the purpose of 9-108 notice of substitution?

The purpose of 9-108 notice of substitution is to officially replace one party with another in a contract or agreement.

What information must be reported on 9-108 notice of substitution?

The 9-108 notice of substitution must include the names and contact information of both the original party and the new party, as well as the effective date of the substitution.