RUG: Secured Transactions in Mexico

Secure Your Receivables in Mexico via the RUG

Historically, Mexican companies have had difficulty securing financing from foreign banks, primarily due to concerns about the reliability of the laws governing secured transactions.

The Mexican government recognized the need to alleviate those apprehensions and set forth goals to create a mechanism that allows public disclosure of security interest and to establish priority rules for debtors.

In September of 2010, Mexico instituted amendments to their secured transaction law. These amendments better aligned Mexico’s secured transactions with U.S. Uniform Commercial Code – Revised Article 9 and Canada’s Personal Property Security Act.

A properly perfected pledge (in the U.S. & Canada this would be the security agreement), protects the creditor against third parties that claim an interest in the collateral, allows the creditor to foreclose on the property and apply all proceeds to the outstanding debt, and grants preference against a bankruptcy trustee and all other creditor types including tax claims.

The filing system in Mexico is called the RUG (Registro Unico Garantias Mobiliarias – Unified Registry of Moveable Property Collateral) and RUG filings are in place for 12 years.

There Are Three Ways to Pledge Collateral Under the RUG

  • Ninguno: all products that are to be sold by the debtor (similar to the PMSI in Inventory filing under UCC/PPSA)
  • Todos los bienes de la empresa: all assets currently owned (similar to Blanket or Basic filing under UCC/PPSA)
  • Bienes específicos: any specific asset that can be identified (similar to a PMSI in Equipment filing under UCC/PPSA)

Compliance with the RUG

  • The debtor must sign three documents (must be written in Spanish):
    • A non-possessory pledge, which is similar to a security agreement under the UCC & PPSA
    • A credit application, which is specific to the RUG filing process with Mexican law governing
    • A promissory note, which elevates the security interest to an executive proceeding if there is a default, and provides stronger remedies for the creditor
  • The secured party will need to authenticate the identities of the debtor by ensuring a Mexican notary public is present at the time the documents are signed.
  • The secured party must verify the debtor’s correct legal name, by requesting the debtor provide a copy of the articles of incorporation, as well as provide their The Federal Tax Registration and electronic registry number.
  • The completed pledge agreement, signed by both parties and notarized should then be recorded in the public registry by a Federal Notary.

NCS Is Here to Help

If you would like to begin securing transactions in Mexico, please don’t hesitate to contact us! NCS can provide all necessary documents and assist with the execution of a RUG filing.

Most Recent Resources


No Lien Rights for Rental Equipment Companies in Pennsylvania

Review this recent Pennsylvania legal decision and how UCC filings are poised to be the payment leverage rental equipment companies need.
Read More
white paper
White Paper

Healthcare Bankruptcies: A Financial Risk to Suppliers

Learn how creditors providing everything from basic office supplies to extensive operating room equipment have an opportunity to file a UCC to recover funds and repossess equipment.

Read More
live webinars
Live Webinar

The Importance of Gathering Job Information

Do you realize the importance of obtaining job information as it relates to the protection of your lien and bond claim rights?
Read More