A debtor that is a registered company, such as a corporation, is located in the debtor's state of incorporation. A debtor who is an individual is located at his or her principal residence. A simplified national form of financing statement, which is set forth in the text of the act, must be used. The debtor's signature is not needed on the financing statement, although the debtor must authorize the filing. The debtor's signature on the security agreement is deemed authorization to file a financing statement.
Electronic filing is permitted.
A debtor may file a termination statement when a secured creditor fails to do so when required. A debtor may also file a correction statement if he or she believes the financing statement is inaccurate or wrongfully filed. All filings are with the Department of Licensing unless local filing is required. Procedures governing the operations of the filing office are provided. Filings must be indexed within two business days of receipt, and information requests regarding filings must be answered within two business days.