Section 9-520 – Acceptance and Refusal to Accept Record
(a) A filing office shall refuse to accept a record for filing for a reason set forth in § 9-516(b) and may refuse to accept a record for filing only for a reason set forth in § 9-516(b). (b) If a filing office refuses to accept a record for filing, it shall communicate to the person that […]
Section 9-521 – Uniform Form of Written Financing Statement and Amendment
A filing office that accepts written records may not refuse to accept a written initial financing statement, addendum, or amendment in the form and format set forth in the official text of the 2010 amendments to Article 9 of the Uniform Commercial Code promulgated by the American Law Institute and the Uniform Law Commission, except […]
Section 9-522 – Maintenance and Destruction of Records
(a) The filing office shall maintain a record of the information provided in a filed financing statement for at least one year after the effectiveness of the financing statement has lapsed under § 9-515 with respect to all secured parties of record. The record must be retrievable by using the name of the debtor and by […]
Section 9-523 – Information From Filing Office; Sale or License of Records
(a) If a person that files a written record requests an acknowledgment of the filing, the filing office shall send to the person an image of the record showing the number assigned to the record pursuant to § 9-519(a)(1) and the date and time of the filing of the record. However, if the person furnishes a […]
Section 9-508 – Effectiveness of Financing Statement if New Debtor Becomes Bound by Security Agreement
(a) Except as otherwise provided in this section, a filed financing statement naming an original debtor is effective to perfect a security interest in collateral in which a new debtor has or acquires rights to the extent that the financing statement would have been effective had the original debtor acquired rights in the collateral. (b) If the […]
Section 9-525 – Fees
(a) Except as otherwise provided in subsection (c), the fee for filing and indexing a record under this part, other than an initial financing statement of the kind described in § 9-502(c), is: (1) $25 if the record is communicated in writing and consists of eight or fewer pages; (2) $75 if the record is communicated in writing […]
Section 9-509 – Persons Entitled to File a Record
(a) A person may file an initial financing statement, amendment that adds collateral covered by a financing statement, or amendment that adds a debtor to a financing statement only if: (1) The debtor authorizes the filing in an authenticated record or pursuant to subsection (b) or (c); or (2) The person holds an agricultural lien that has become […]
Section 9-526 – Filing-Office Rules
(a) The Department shall adopt and publish rules to implement this subtitle. The filing-office rules must be: (1) Consistent with this subtitle; and (2) Adopted and published in accordance with Title 10, Subtitle 1 of the State Government Article. (b) To keep the filing-office rules and practices of the filing office in harmony with the rules and practices of […]
Section 9-510 – Effectiveness of Filed Record
(a) A filed record is effective only to the extent that it was filed by a person that may file it under § 9-509. (b) A record authorized by one secured party of record does not affect the financing statement with respect to another secured party of record. (c) A continuation statement that is not filed within the […]
Section 9-511 – Secured Party of Record
(a) A secured party of record with respect to a financing statement is a person whose name is provided as the name of the secured party or a representative of the secured party in an initial financing statement that has been filed. If an initial financing statement is filed under § 9-514(a), the assignee named in […]