S.D. Admin. R. 5:04:04:28

Current through Register Vol. 51, page 51, October 21, 2024

Section 5:04:04:28 - Search requests and reports - Search requests

Each search request shall contain the following information:

(1) Name searched. A search request shall name the debtor to be searched and specify whether the debtor is an individual or an organization. A search request shall be processed using the name in the exact form it is submitted;

(2) Requesting party. The name and mailing address of the person to whom the search report is to be sent;

(3) Fee. The appropriate fee shall be enclosed, and paid as permitted by § 5:04:04:06; and

(4) Search request with filing. If a filer requests a search at the time a UCC record is filed the name searched shall be the debtor name as identified on the form. The requesting party is the remitter of the UCC record, and the search request shall request a search that retrieves each financing statement filed on or prior to the date the UCC record is filed.

S.D. Admin. R. 5:04:04:28

28 SDR 23, effective 7/18/2001.

General Authority: SDCL 57A-9-526.

Law Implemented: SDCL 57A-9-525.2.