N.M. Stat. § 58-22-21.1

Current through 2024, ch. 69
Section 58-22-21.1 - Suit to recover trust funds; attorney's fees authorized

An escrow agent, in any action brought against a party to the escrow to recover trust funds disbursed by the escrow agent to or for the benefit of the party, or in reliance upon a check or draft issued by the party which is subsequently dishonored by the drawee, may recover, in addition to the amount so disbursed, a reasonable amount as attorney's fees and costs. Pending litigation, an escrow agent may retain possession of all escrowed documents until directed otherwise by a court of competent jurisdiction.

NMS § 58-22-21.1

1978 Comp., § 58-22-21.1, enacted by Laws 1985, ch. 219, § 1.