Mich. Admin. Code R. 440.203 - Grounds not warranting refusal
R 203.
(1) The
only grounds for the filing officer's refusal to accept a financing statement
for filing are enumerated in sections 9516(2) and 9520(5) of the UCC, MCL
440.9516 and
440.9520.
(2) The following are examples of defects
that do not constitute grounds for refusal to accept a document:
(a) The financing statement contains or
appears to contain a misspelling or other apparently erroneous
information.
(b) The financing
statement appears to identify a debtor incorrectly.
(c) The financing statement appears to
identify a secured party or a secured party of record incorrectly.
(d) The financing statement contains
additional or extraneous information of any kind.
(e) The financing statement does not contain
all the information required by article 9 of the UCC, MCL
440.9101 to
440.9994, if the document
contains the information required in section 9516(2) of the UCC, MCL
440.9516.
(f) The financing statement incorrectly
identifies collateral, contains an illegible or unintelligible description of
collateral, or does not appear to contain a description of collateral.
(g) The document is accompanied by
money in excess of the full filing fee.
(3) The examples enumerated in subrule (2) of
this rule are not a comprehensive enumeration of defects outside the scope of
grounds for refusal to accept a financing statement for filing.
Notes
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