2013 New Mexico Statutes
Chapter 58 - Financial Institutions and Regulations
Article 22 - Escrow Companies
Section 58-22-21.1 - Suit to recover trust funds; attorney's fees authorized. (1985)

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.