Michigan Administrative Code
Department - State
Office of Customer Services
Uniform Commercial Code Filing Office
Part 2 - ACCEPTANCE AND REFUSAL OF DOCUMENTS
Section R. 440.203 - Grounds not warranting refusal

Universal Citation: MI Admin Code R. 440.203

Current through Vol. 24-16, September 15, 2024

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.

Disclaimer: These regulations may not be the most recent version. Michigan may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.