EZRCP · New Mexico · Part 1 - District Court Rules · Form 4-803 NMRA

Form 4-803 NMRA. — Claim of exemptions on execution.

New Mexico · Part 1 - District Court Rules

Open on EZRCP

Rule text

[For use with District, Magistrate, and Metropolitan Court Rules of Civil Procedure 1-065.1, 2-801, and 3-801 NMRA]

STATE OF NEW MEXICO COUNTY OF ______________________ [____________________ JUDICIAL DISTRICT COURT] [_____________________ COURT] __________________________________, Plaintiff

v. No. ______________

__________________________________, Defendant

CLAIM OF EXEMPTIONS ON EXECUTION

A JUDGMENT HAS BEEN ENTERED AGAINST YOU. ALL OF THE PROPERTY YOU POSSESS MAY BE SEIZED AND SOLD TO PAY THIS JUDGMENT. YOU MUST COMPLETE AND RETURN THIS FORM WITHIN TEN (10) DAYS TO CLAIM ANY STATUTORY EXEMPTION FROM THIS SEIZURE AND SALE.

(check only applicable boxes) Part I. Homestead exemption (This part is for use only in the district court) [ ] Judgment debtor owns, leases, or is purchasing a dwelling house which judgment debtor occupies and is entitled to hold exempt a homestead in the amount of one hundred fifty thousand dollars ($150,000) under Section 42-10-9 NMSA 1978. Part II. Exemption in lieu of homestead exemption (Parts II and III are for use in the district court, magistrate court, and metropolitan court) [ ] Judgment debtor is a resident of this state who does not claim a homestead exemption, but claims an exemption of real or personal property in the amount of fifteen thousand dollars ($15,000) under Section 42-10-10 NMSA 1978. The property claimed to be exempt is as follows: LIST PROPERTY STATED VALUE ________________________________________________ $ ______________________ ________________________________________________ $ ______________________ (Attach additional page if necessary) Part III. Personal property exemptions

Unless the judgment debtor files a written waiver of exemption, the sheriff may not seize the judgment debtor's personal clothing, furniture, or books.

In addition to the property claimed or listed as exempt above, the judgment debtor hereby claims the following exemptions:

(check only applicable boxes)

[ ] household goods and furnishings, worth up to seventy-five thousand dollars ($75,000) in the aggregate: LIST ITEMS STATED VALUE ______________________________________________ $ ______________________ (Attach additional page if necessary)

[ ] tools of the trade worth up to fifteen thousand dollars ($15,000) in the aggregate: Occupation of judgment debtor: __________________________ LIST ITEMS STATED VALUE ______________________________________________ $ ______________________ (Attach additional page if necessary)

[ ] motor vehicles worth up to ten thousand dollars ($10,000) or that amount of equity in a more valuable vehicle: MAKE, MODEL, AND YEAR OF VEHICLES FAIR MARKET VALUES ______________________________________________ $ ______________________ Amount of any lien on vehicles: $ ________________________.

[ ] jewelry worth up to five thousand dollars ($5,000) in the aggregate: LIST JEWELRY ITEMS STATED VALUE ______________________________________________ $ ______________________ (Attach additional page if necessary)

[ ] works of art worth up to two thousand five hundred dollars ($2,500) in the aggregate: LIST WORKS OF ART STATED VALUE ______________________________________________ $______________________ (Attach additional page if necessary)

[ ] medical-health equipment being used for the health of the claimant or a member of the household of the claimant and not in a profession; (Attach separate sheet setting forth items claimed and the name of the household member and the medical condition of the member.)

[ ] interest in or proceeds from a pension, individual retirement account, annuity, profit-sharing plan, and any other retirement account;

[ ] social security benefits;

[ ] veteran's benefits;

[ ] not more than fifty thousand dollars ($50,000) in benefits from a benevolent association of which the judgment debtor is a member;

[ ] building materials not financed by the judgment creditor in this action as provided by Section 48-2-15 NMSA 1978;

[ ] worker's compensation benefits subject to the limitations of Section 52-1-52;

[ ] occupational health benefits as provided by Section 52-3-37 NMSA 1978;

[ ] unemployment compensation benefits;

[ ] alimony, family, or domestic support or separate maintenance to the extent reasonably necessary for the support of the person or any dependent of the person;

[ ] public benefits such as medicaid, medicare, food stamps, or other aid from a government public assistance program;

[ ] refundable federal and state tax credits;

[ ] exempt wages as defined by Section 35-12-7 NMSA 1978;

[ ] any stimulus payment held by or payable to the person or the person's dependents in any form; [ ] cash surrender values and benefits of life insurance contracts;

[ ] payment from life, accident, and health insurance policies or annuity contracts;

[ ] crime victims' reparation fund payments;

[ ] fraternal benefit society benefits;

[ ] the minimum amount of shares necessary for certain cooperative associations subject to the limitations provided by Section 53-4-28 NMSA 1978;

[ ] the debtor's membership interest in the property of a club or association under Section 53-10-2 NMSA 1978;

[ ] oil and gas equipment not financed by the judgment creditor to be used for purposes for which it was purchased as provided by Section 70-4-12 NMSA 1978;

[ ] allowances to surviving spouse and children from estate of a deceased estate subject to the limitations of Sections 45-2-401 and 45-2-402 NMSA 1978;

[ ] an individual retirement account that would qualify for tax exemptions under 26 U.S.C. Section 408 or any similar individual retirement account;

[ ] an educational savings account that would qualify for tax exemptions under 26 U.S.C. Section 529 or any similar educational savings account;

[ ] a health savings account that would qualify for tax exemptions under 26 U.S.C. Section 223 or any similar health savings account;

[ ] funds held in a depository or investment account, not otherwise exempt, worth up to two thousand four hundred dollars ($2,400);

[ ] interests in personal property worth up to fifteen thousand dollars ($15,000), tangible or intangible, not otherwise specified in this subsection, including any deposits in financial or investments accounts or personal property that exceeds the monetary limits set forth in this section;

LIST INTERESTS IN PERSONAL PROPERTY STATED VALUE ______________________________________________ $ ______________________ (Attach additional page if necessary)

THIS LIST MAY NOT BE COMPLETE. YOU MAY CLAIM ANY OTHER EXEMPTION PERMITTED BY LAW BY COMPLETING THE FOLLOWING:

[ ] other exemption (specify) ________________________________________________________________

________________________________________________________________.

I am aware of my exemption rights:

[ ] I desire to claim my exemption rights

[ ] I waive my right to claim my exemption rights to the following property

LIST ITEMS STATED VALUE ______________________________________________ $ ______________________ (Attach additional page if necessary)

I understand that by waiving my statutory right to exempt property, this property may be seized and sold.

YOU MUST RETURN A COMPLETED AND SIGNED COPY OF THIS FORM TO THE CLERK OF THE COURT WHOSE ADDRESS IS SHOWN BELOW. YOU MUST ALSO SERVE A COPY ON THE JUDGMENT CREDITOR.

__________________ , ________ __________________________________________ Signature of judgment debtor

Return to clerk of the court

____________________________ __________________________________________ Name of court Printed name of judgment debtor ____________________________ __________________________________________ Address Street address or P.O. box ____________________________ __________________________________________ City, state, & zip code City, state, & zip code __________________________________________ Telephone number

USE NOTES

1. The judgment creditor may dispute any of the claimed exemptions. If the judgment creditor disputes claimed exemptions and files a request for hearing on the claimed exemptions, the clerk will schedule a hearing on the claimed exemptions.

2. Use this form only for actions filed on or after July 1, 2023.

[As amended, effective January 1, 1986; July 1, 1992; May 1, 1994; January 1, 1996; as amended by Supreme Court Order No. 09-8300-005, effective May 6, 2009; as amended by Supreme Court Order No. S-1-RCR-2024-00107, effective for all cases pending or filed on or after December 31, 2024.]

Notes

ANNOTATIONS

The 2024 amendment, approved by Supreme Court Order No. S-1-RCR-2024-00107, effective December 31, 2024, raised the amount of the homestead exemption from sixty thousand dollars to one hundred fifty thousand dollars, raised the amount of the real or personal property exemption, in lieu of the homestead exemption, from five thousand dollars to fifteen thousand dollars, raised the amounts of various other personal property exemptions and specified certain types of personal property that may be claimed as exemptions, added additional items that may be claimed as exemptions, and revised the Use Notes; in Part I, after "a homestead in the amount of", deleted "sixty thousand dollars ($60,000)" and added "one hundred fifty thousand dollars ($150,000)"; in Part II, after "personal property in the amount of", deleted "five thousand dollars ($5,000)" and added "fifteen thousand dollars ($15,000)"; in Part III, after the first set of brackets, deleted "personal property worth up to $500" and added "household goods and furnishings, worth up to seventy-five thousand dollars ($75,000) in the aggregate", after "tools of trade worth up to", deleted "$1,500" and added "fifteen thousand dollars ($15,000)", after the third set of brackets, deleted "one", after "worth up to", deleted "$4,000" and added "ten thousand dollars ($10,000)", after "jewelry worth up to", deleted "$2,500" and added "five thousand dollars ($5,000) in the aggregate", after the fifth set of brackets, added "works of art worth up to two thousand five hundred dollars ($2,500) in the aggregate", added an undesignated section to list works of art and their stated value, after the seventh set of brackets, deleted "pensions or retirement funds" and added "interest in or proceeds from a pension, individual retirement account, annuity, profit-sharing plan, and any other retirement account", added "social security benefits" and "veteran's benefits" in the list of items of personal property exemptions, after the tenth set of brackets, deleted "$5,000" and added "fifty thousand dollars ($50,000)", after "Section 48-2-15 NMSA 1978", deleted "a partner's interest in specific partnership property subject to the limitations of Section 54-1-25 NMSA 1978", after "unemployment compensation benefits", deleted "subject to the limitations of Section 51-1-37 NMSA 1978 for necessities furnished while the debtor was unemployed and child support", added the next item which provides "alimony, family, or domestic support or separate maintenance to the extent reasonably necessary for the support of the person or any dependent of the person", after "public", deleted "assistance and welfare" and added "benefits such as medicaid, medicare, food stamps, or other aid from a government public assistance program", added the next three items, which provide "refundable federal and state tax credits"; "exempt wages as defined by Section 35-12-7 NMSA 1978"; and "any stimulus payment held by or payable to the person or the person's dependents in any form", after "Sections 45-2-401 and 45-2-402 NMSA 1978", added the next five items that may be claimed as exemptions, after the list of personal property exemptions, added "LIST INTERESTS IN PERSONAL PROPERTY" and "STATED VALUE"; and added Use Note 2. The 2009 amendment, approved by Supreme Court Order No. 09-8300-005, effective May 6, 2009, added the Use Note at the beginning of the form; in the caption, deleted the line for "IN THE ____ COURT", the line for the case number, and the line for "COUNTY OF ____" and added the line for "COUNTY OF ____", the line for "____ JUDICIAL DISTRICT COURT" and the line for "____ COURT"; in Part I, changed the homestead amount from thirty thousand dollars ($30,000) to sixty thousand dollars ($60,000); and in Part II, changed the exemption of real or personal property from two thousand dollars ($2,000) to five thousand dollars ($5,000).

The 1996 amendment, effective January 1, 1996, added the bold instruction line at the beginning of the form, rewrote Part III, rewrote the bold instruction line at the end of the form, and rewrote the Use Note.

The 1994 amendment, effective May 1, 1994, rewrote the paragraph in Part I to increase the amount of the exemption from $20,000 to $30,000, and to expand the applicability of the former section exemption.

The 1992 amendment, effective July 1, 1992 for use in the district, magistrate and metropolitan courts, rewrote this form.

Case law. -- The postjudgment execution statutes are unconstitutional as not providing adequate notice of allowable exemptions and the right to a hearing. Aacen v. San Juan County Sheriff's Dep't, 944 F.2d 691 (10th Cir. 1991).

By creating exemptions from execution, New Mexico has granted judgment debtors a property interest in retaining their exempt property. While the state need not grant such exemptions, once given, the property rights they create are entitled to due process protection. Aacen v. San Juan County Sheriff's Dep't, 944 F.2d 691 (10th Cir. 1991).