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