Source: http://search.mleesmith.com/tca/47-09-0516.html
Timestamp: 2014-10-31 06:10:32
Document Index: 760508601

Matched Legal Cases: ['§ 67', '§ 47', '§ 47', '§ 47', '§ 47', '§ 47', '§ 47', '§ 47', '§ 67', '§ 67', '§ 47', '§ 47', '§ 47', '§ 1', '§ 2']

47-09-0516
TCA 47-9-516: What constitutes filing -- Effectiveness of filing.
(b) Refusal to accept record; filing does not occur. Filing does not occur with respect to a record that a filing office refuses to accept because: (1) The record is not communicated by a method or medium of communication authorized by the filing office; (2) The amount that is tendered is not equal to or greater than the sum of the applicable filing fee plus recording tax under § 67-4-409(b), if any, based on the representation of indebtedness required thereunder;
(i) Does not identify the initial financing statement as required by § 47-9-512 or § 47-9-518, as applicable; or
(ii) Identifies an initial financing statement whose effectiveness has lapsed under § 47-9-515;
(C) In the case of an initial financing statement that provides the name of a debtor identified as an individual or an amendment that provides a name of a debtor identified as an individual which was not
previously provided in the financing statement to which the record relates, the record does not identify the debtor's last name; or
(D) In the case of a record filed or recorded in the filing office described in § 47-9-501(a)(1), the record does not provide the name of the debtor and a sufficient description of the real property
(B) Indicate whether the debtor is an individual or an organization;
(6) In the case of an assignment reflected in an initial financing statement under § 47-9-514(a) or an amendment filed under § 47-9-514(b), the record does not provide a name and mailing address for the
(7) In the case of a continuation statement, the record is not filed within the six-month period prescribed by § 47-9-515(d); or
(8) The record does not contain, either on its face or in an accompanying sworn statement, the language required under § 67-4-409(b)(5)(C) with respect to the recording tax imposed under § 67-4-409(b), if any.
(c) Rules applicable to subsection (b). For purposes of subsection (b): (1) A record does not provide information if the filing office is unable to read or decipher the information; and (2) A record that does not indicate that it is an amendment or identify an initial financing statement to which it relates, as required by § 47-9-512, § 47-9-514, or § 47-9-518, is an initial financing
(d) Refusal to accept record; record effective as filed record. A record that is communicated to the filing office with tender of the filing fee, but which the filing office refuses to accept for a reason other than one set forth in
subsection (b), is effective as a filed record except as against a purchaser of the collateral which gives value in reasonable reliance upon the absence of the record from the files.
History: [Acts 2000, ch. 846, § 1; 2008, ch. 648, § 2.]