Mich. Admin. Code R. 440.101 - Duties and responsibilities of filing officer

Rule 101. The duties and responsibilities of the filing officer with respect to the administration of the UCC are ministerial. In accepting for filing or refusing to file a financing statement pursuant to these rules, the filing officer does none of the following:

(a) Determine the legal sufficiency or insufficiency of a record.
(b) Determine that a security interest in collateral exists or does not exist.
(c) Determine that information in the record is correct or incorrect, in whole or in part.
(d) Create a presumption that information in the record is correct or incorrect, in whole or in part.

Notes

Mich. Admin. Code R. 440.101
2002 MR 21, Eff. Nov. 20, 2002

State regulations are updated quarterly; we currently have two versions available. Below is a comparison between our most recent version and the prior quarterly release. More comparison features will be added as we have more versions to compare.


No prior version found.