Form ES-802 O(B) "Certificate of Deposit" - New Mexico

What Is Form ES-802 O(B)?

This is a legal form that was released by the New Mexico Department of Workforce Solutions - a government authority operating within New Mexico. As of today, no separate filing guidelines for the form are provided by the issuing department.

Form Details:

  • Released on July 1, 2007;
  • The latest edition provided by the New Mexico Department of Workforce Solutions;
  • Easy to use and ready to print;
  • Quick to customize;
  • Compatible with most PDF-viewing applications;
  • Fill out the form in our online filing application.

Download a printable version of Form ES-802 O(B) by clicking the link below or browse more documents and templates provided by the New Mexico Department of Workforce Solutions.

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Download Form ES-802 O(B) "Certificate of Deposit" - New Mexico

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NEW MEXICO DEPARTMENT OF WORKFORCE SOLUTIONS
PO Box 1928, Albuquerque, New Mexico 87103 * (505) 841-8576
CERTIFICATE OF DEPOSIT
EMPLOYER NAME:_________________________________________
ACCOUNT #______________
BANK:________________________________________________
CERTIFICATE NO.______________
CERTIFICATE AMT._____________
MATURITY DATE_______________
In consideration of Section 51-1-13 NMSA 1978 of the New Mexico Unemployment Compensation Law, hereby
assigns all rights, interest, and title to the Certificate of Deposit described above, over to the New Mexico Department
of Workforce Solutions. Earned interest shall be paid directly to employer, however, the Department is entitled to
negotiate this instrument, or any portion thereof, in the event employer fails to pay the required reimbursable benefit
charges, when due.
The Department shall retain possession of the Certificate of Deposit and shall return the Certificate and any interest
earned to the employer upon termination of employer's unemployment compensation obligations in New Mexico,
provided that all required reports have been submitted an all reimbursable benefit charges due and potential benefit
charges as determined by the Department have been paid. In the event the employer fails to pay reimbursable benefit
charges due, the Department has the right to retain the entire Certificate of Deposit in full or partial payment of the
reimbursable benefit charges due.
This assignment will remain in effect until the Maturity Date of the Certificate of Deposit described above or upon a
mutual release by the Department and the employer prior to the maturity Date. The bank is hereby authorized to pay
over the proceeds of the Certificate of Deposit to the Department upon presentment and the employer hereby waives
any and all claims against the bank for doing so.
The bank and the employer waive the right to enforce any "Non Transferable" language on the face of the Certificate of
Deposit and acknowledge that the New Mexico Department of Workforce Solutions will have all of the rights to the
Certificate of Deposit of a secured party under New Mexico Law.
The bank hereby agrees not to release any of the principal amounts to the employer, without the prior approval by the
New Mexico Department of Workforce Solutions.
Employer Representative: ________________________________ Bank Representative:______________________
Title: ________________________________
Title:______________________
Subscribed and sworn before me this ____________day of _________________, 20______.
Notary Public ______________________________
SEAL
My Commission Expires_____________________
ES-802 O (B)
Rev. 07/07
S/N
NEW MEXICO DEPARTMENT OF WORKFORCE SOLUTIONS
PO Box 1928, Albuquerque, New Mexico 87103 * (505) 841-8576
CERTIFICATE OF DEPOSIT
EMPLOYER NAME:_________________________________________
ACCOUNT #______________
BANK:________________________________________________
CERTIFICATE NO.______________
CERTIFICATE AMT._____________
MATURITY DATE_______________
In consideration of Section 51-1-13 NMSA 1978 of the New Mexico Unemployment Compensation Law, hereby
assigns all rights, interest, and title to the Certificate of Deposit described above, over to the New Mexico Department
of Workforce Solutions. Earned interest shall be paid directly to employer, however, the Department is entitled to
negotiate this instrument, or any portion thereof, in the event employer fails to pay the required reimbursable benefit
charges, when due.
The Department shall retain possession of the Certificate of Deposit and shall return the Certificate and any interest
earned to the employer upon termination of employer's unemployment compensation obligations in New Mexico,
provided that all required reports have been submitted an all reimbursable benefit charges due and potential benefit
charges as determined by the Department have been paid. In the event the employer fails to pay reimbursable benefit
charges due, the Department has the right to retain the entire Certificate of Deposit in full or partial payment of the
reimbursable benefit charges due.
This assignment will remain in effect until the Maturity Date of the Certificate of Deposit described above or upon a
mutual release by the Department and the employer prior to the maturity Date. The bank is hereby authorized to pay
over the proceeds of the Certificate of Deposit to the Department upon presentment and the employer hereby waives
any and all claims against the bank for doing so.
The bank and the employer waive the right to enforce any "Non Transferable" language on the face of the Certificate of
Deposit and acknowledge that the New Mexico Department of Workforce Solutions will have all of the rights to the
Certificate of Deposit of a secured party under New Mexico Law.
The bank hereby agrees not to release any of the principal amounts to the employer, without the prior approval by the
New Mexico Department of Workforce Solutions.
Employer Representative: ________________________________ Bank Representative:______________________
Title: ________________________________
Title:______________________
Subscribed and sworn before me this ____________day of _________________, 20______.
Notary Public ______________________________
SEAL
My Commission Expires_____________________
ES-802 O (B)
Rev. 07/07
S/N