In Mexico several amendments to the Commercial Code and the General Law of Credit Instruments and Operations to modernize its secured transactions framework have been passed in the years 2000, 2003, 2009, 2010 and 2014. The Mexican registry of security interests (RUG) was launched in 2010. The amendments gradually expanded the scope of the concept of security interest that initially did not cover financial leases and sales of accounts receivable. One of the unique features of the RUG is that it is accessible only electronically, and does not charge any registry fees, whether for registrations or searches.
The Registry of Security Interests is accessible at http://www.rug.gob.mx/Rug/home/inicio.do, from which also the relevant legal framework may be downloaded under ‘Legislación’.
Last Checked August 2020
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