Or. Admin. Code § 160-040-0301 - Primary Data Elements
The primary data elements used in the UCC information management system are the following.
(1) Identification numbers.
(a) Initial financing statements. Each
initial financing statement is identified by its file number. Identification of
the initial financing statement is stamped on written UCC records or otherwise
permanently associated with the record maintained for UCC records in the UCC
information management system. A record is created in the UCC information
management system for each initial financing statement and all information
comprising such record is maintained in such system. Such record is identified
by the same information assigned to the initial financing statement.
(b) Other UCC records. A UCC record other
than an initial financing statement is identified by a unique file number
assigned by the filing officer. In the UCC information management system,
records of all UCC records other than initial financing statements are linked
to the record of their related initial financing statement.
(2) Type of record. The type of
UCC record from which data is transferred is identified in the UCC information
management system from information supplied by the remitter.
(3) Filing date and filing time. The filing
date and filing time of UCC records are stored in the UCC information
management system. Calculation of the lapse date of an initial financing
statement is based upon the filing date.
(4) Identification of parties. The names and
addresses of debtors and secured parties are transferred from UCC records to
the UCC information management.
(5) Status of financing statement. In the UCC
information management system, each financing statement has a status of active
or inactive.
(6) Page count. The
total number of pages in a UCC record is maintained in the UCC information
management system.
(7) Lapse
indicator. An indicator is maintained by which the UCC information management
system identifies whether or not a financing statement will lapse and, if it
does, when it will lapse. The lapse date is determined as provided in rules
160-040-0306(3); 160-040-0307; and 160-040-0308(1).
(8) Indexes of names. The filing office
maintains in the UCC information management system a searchable index of
organization debtor names, and a searchable index of individual debtor names.
The filing office may also maintain a searchable index of names of secured
parties of record. Such an index need not be a separate database but may by
comprised of records in the UCC information management system indentified to be
included in such searchable index.
Notes
Stat. Auth.: ORS 79.0526
Stats. Implemented: ORS 79.0519
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