Wis. Admin. Code Department of Financial Institutions DFI-CCS 7.04 - Acceptance or rejection of filings

The following criteria and notice provisions shall apply to land recording offices for UCC purposes:

(1) Neither debtor nor secured party signatures shall be required on any form filed.

(2) The basic statutory criteria for acceptance or rejection shall be as listed in s. 409.516, Stats.

(3) UCC3 without debtor and record owner names and addresses shall be rejected. Secured party addresses shall be required also.

(4) UCC3 without date of initial financing statement referenced shall be rejected.

(5) UCC3 shall contain only one change per form.

(6) A sufficient legal description of the real property to which it relates shall be given on all filings.

(7) The rejection notice shall contain date, time and reason for rejection.

(8) UCC filings shall not be rejected by recording offices for the reasons set forth in ss. 409.516(2) (c) 2 b. and (g), Stats.

(9) A UCC3 shall have item 1b checked.

Notes

Wis. Admin. Code Department of Financial Institutions DFI-CCS 7.04

CR 01-122: CR Register February 2002 No. 554, eff. 3-1-02. Amended by, 2015 Wis. Act 38: am. (9) Register July 2015 No. 715, eff.8/1/2015.