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Notice Of Right To Claim Exemptions (Execution) 4-808A - New Mexico

Notice Of Right To Claim Exemptions (Execution) Form. This is a New Mexico form and can be used in Civil Bernalillo County Metropolitan Court Local District Court .
 Fillable pdf Last Modified 12/20/2013
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STATE OF NEW MEXICO COUNTY OF BERNALILLO IN THE METROPOLITAN COURT __________________________________, Plaintiff, v. __________________________________, Defendant. NOTICE OF RIGHT TO CLAIM EXEMPTIONS FROM EXECUTION No. __________________ 1. THE JUDGMENT CREDITOR (IS SEIZING) (HAS A RIGHT TO SEIZE)1 YOUR PROPERTY A ruling has been made in this case that you owe money to the judgment creditor. The judgment creditor may collect that money from seizure and sale of your property. (Before the judgment creditor has the sheriff seize your property, you may have a right to claim exemptions of certain property). 2. PURPOSE OF THIS NOTICE: This notice is to tell you that some kinds of property or money may NOT be taken from you even after the court has ruled that you owe the judgment creditor money. This property is protected under state law. The property, which may not be taken is called "exempt property." YOU MUST FILE A CLAIM OF EXEMPTION FORM TO CLAIM ANY EXEMPT PROPERTY. YOU MAY WISH TO CONSULT WITH AN ATTORNEY BEFORE COMPLETING AND FILING THE CLAIM OF EXEMPTION FORM. Here is a list of some exempt money and property. Other kinds of money or property not listed may also be exempt. 3. PARTIAL LIST OF EXEMPTIONS FROM EXECUTION Part I. Homestead exemption (This exemption may only be used in the district court.) A judgment debtor who owns, leases or is purchasing a dwelling occupied by the judgment debtor is entitled to hold as exempt property a homestead in the amount of Sixty Thousand Dollars ($60,000) 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.) Residents of this state who do not claim a homestead exemption are entitled to an exemption of real or personal property in the amount of Five Thousand Dollars ($5,000) under Section 42-10-10 NMSA 1978. You may not claim this exemption if you claimed a homestead exemption above. Rule 4-808A NMRA; adopted as amended effective 7/1/92; 1/1/93; 5/1/94; 1/1/96. CV-075 Notice of Right to Claim Exemptions from Execution (Rev. 1/96; 11/09) American LegalNet, Inc. www.FormsWorkFlow.com Part III. Personal property exemptions In addition to the property claimed as exempt above, judgment debtors are entitled to claim certain personal property exemptions. Most of those exemptions are listed below. a. b. c. d. e. f. g. h. i. j. k. l. m. n. o. p. q. r. s. t. u. personal property worth up to $500; tools of the trade worth up to $1,500; a motor vehicle worth up to $4,000 or that amount of equity in a more valuable vehicle; jewelry worth up to $2,500; clothing, furniture, books and 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; pension or retirement funds; not more than $5,000 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; a partner's interest in specific partnership property subject to the limitations of Section 54-1-25 NMSA 1978; worker's compensation benefits subject to the limitations of Section 52-1-52 NMSA 1978; occupational health benefits as provided by Section 52-3-37 NMSA 1978; unemployment compensation benefits subject to the limitations of Section 51-1-37 NMSA 1978 for necessities furnished while the debtor was unemployed and child support; public assistance and welfare benefits; 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 pursuant to 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. You may not claim an exemption for personal property, which is subject to a security interest under the Uniform Commercial Code given to the judgment creditor. 4. HOW TO PROTECT EXEMPT PROPERTY. The sheriff may not seize your personal clothing, furniture and books or any jewelry unless the total value of all jewelry is more than $2,500. For other property, you must claim an exemption or it may be seized and sold. A claim of exemptions on execution form is attached for you to complete and file with the court. YOU MUST COMPLETE AND RETURN THE ATTACHED CLAIM OF EXEMPTIONS ON EXECUTION FORM TO THE CLERK OF THE COURT WITHIN TEN (10) DAYS AFTER SERVICE OF THIS NOTICE UPON YOU. YOU MUST ALSO SERVE A COPY OF THE 2 Rule 4-808A NMRA; adopted as amended effective 7/1/92; 1/1/93; 5/1/94; 1/1/96. CV-075 Notice of Right to Claim Exemptions from Execution (Rev. 1/96; 11/09) American LegalNet, Inc. www.FormsWorkFlow.com COMPLETED AND SIGNED CLAIM OF EXEMPTIONS ON EXECUTION FORM ON THE JUDGMENT CREDITOR. If the judgment creditor disputes a claimed exemption, the clerk or the judge will notify you of the date and time for a court hearing on your claim. You must go to that hearing and explain why your money or property is exempt. You must bring to the hearing any proof that your money or property is exempt. If you do not complete and file the claim of exemptions on execution form within ten (10) days and attend the hearing, your property may be seized and sold by the sheriff. FAILURE TO COMPLETE AND FILE A CLAIM OF EXEMPTIONS ON EXECUTION FORM WITHIN TEN (10) DAYS AND SERVE A COPY ON THE JUDGMENT CREDITOR WILL RESULT IN THE LOSS OF YOUR RIGHT TO CLAIM AN EXEMPTION. (The following proof of service may be used ONLY if the judgment debtor has entered an appearance in the case.) AFFIDAVIT OF SERVICE I declare, under penalty of perjury, that this notice, a claim of exemptions on execution form and a copy of the judgment in the above cause of action were mailed on the _____ day of _________________, ______ from ________________________________________________ (street address or post office branch) in _________________, New Mexico. _______________________________ Signa
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