950 CMR, § 140.15

Current through Register 1533, October 25, 2024
Section 140.15 - Grounds not Warranting Refusal

The following are examples of defects that do not constitute grounds for refusal to accept a record. They are not a comprehensive enumeration of defects outside the scope of permitted grounds for refusal to accept a UCC record for filing.

(1)Errors. The UCC record contains or appears to contain a misspelling or other apparently erroneous information.
(2)Incorrect Names.
(a) The UCC record appears to identify a debtor incorrectly.
(b) The UCC record appears to identify a secured party or a secured party of record incorrectly.
(3)Extraneous Information. The UCC record contains additional or extraneous information of any kind.
(4)Collateral Description. The UCC record incorrectly identifies collateral, or appears to contain no such description.
(5)Excessive Fee. The record is accompanied by funds in excess of the full filing fee.
(6)Multiple Terminations or Continuations. The filing office will accept more than one termination or continuation on the same filing unless there is a reason for rejection as provided in M.G.L. c. 106, § 9-516. The filing office does not make a determination of the effectiveness of any filing.

950 CMR, § 140.15