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New Mexico · Through 2025-01-07

58-22-21.1: Suit to recover trust funds; attorney's fees authorized.

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Where this section sits in the code
  1. Chapter 58 - Financial Institutions and Regulations
  2. ARTICLE 22 Escrow Companies

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.

Collected 2026-09-03T15:02:20Z. Source file · JSON

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