reglab/housing_qa huggingface dataset:
12A OK Stat § 12A-1-9-515 (2021)
2021 Oklahoma Statutes|Title 12A. Commercial Code|§12A-1-9-515. Duration and effectiveness of financing statement; effect of lapsed financing statement.

|DURATION AND EFFECTIVENESS OF FINANCING STATEMENT; |EFFECT OF LAPSED FINANCING STATEMENT(a) Except as otherwise provided in subsections (b), (e), (f), and (g) of this section, a filed financing statement is effective for a period of five (5) years after the date of filing.(b) Except as otherwise provided in subsections (e), (f), and (g) of this section, an initial financing statement filed in connection with a public-finance transaction or manufactured-home transaction is effective for a period of thirty (30) years after the date of filing if it indicates that it is filed in connection with a public-finance transaction or manufactured-home transaction.(c) The effectiveness of a filed financing statement lapses on the expiration of the period of its effectiveness unless before the lapse a continuation statement is filed pursuant to subsection (d) of this section. Upon lapse, a financing statement ceases to be effective and any security interest or agricultural lien that was perfected by the financing statement becomes unperfected, unless the security interest is perfected otherwise. If the security interest or agricultural lien becomes unperfected upon lapse, it is deemed never to have been perfected as against a purchaser of the collateral for value.(d) A continuation statement may be filed only within six (6) months before the expiration of the five-year period specified in subsection (a) of this section or the thirty-year period specified in subsection (b) of this section, whichever is applicable.(e) Except as otherwise provided in Section 1-9-510 of this title, upon timely filing of a continuation statement, the effectiveness of the initial financing statement continues for a period of five (5) years commencing on the day on which the financing statement would have become ineffective in the absence of the filing. Upon the expiration of the five-year period, the financing statement lapses in the same manner as provided in subsection (c) of this section, unless, before the lapse, another continuation statement is filed pursuant to subsection (d) of this section. Succeeding continuation statements may be filed in the same manner to continue the effectiveness of the initial financing statement.(f) If a debtor is a transmitting utility and a filed financing statement so indicates, the financing statement is effective until a termination statement is filed.(g) A record of a mortgage that is effective as a financing statement filed as a fixture filing under subsection (c) of Section 1-9-502 of this title remains effective as a financing statement filed as a fixture filing until the mortgage is released or satisfied of record or its effectiveness otherwise terminates as to the real property.Added by Laws 2000, c. 371, § 93, eff. July 1, 2001.
12A OK Stat § 12A-1-9-517 (2021)
2021 Oklahoma Statutes|Title 12A. Commercial Code|§12A-1-9-517. Effect of indexing errors.

|EFFECT OF INDEXING ERRORS |The failure of the filing office to index a record correctly does not affect the effectiveness of the filed record.Added by Laws 2000, c. 371, § 95, eff. July 1, 2001.
12A OK Stat § 12A-1-9-518 (2021)
2021 Oklahoma Statutes|Title 12A. Commercial Code|§12A-1-9-518. Claim concerning inaccurate or wrongfully filed record.

|CLAIM CONCERNING INACCURATE OR WRONGFULLY FILED RECORD |(a) A person may file in the filing office an information statement with respect to a record indexed there under the person's name if the person believes that the record is inaccurate or was wrongfully filed.(b) An information statement under subsection (a) of this section must:(1) identify the record to which it relates by:(A)the file number of the initial financing statement to which the record relates; and(B)if the information statement relates to a record filed or recorded in a filing office described in paragraph (1) of subsection (a) of Section 1-9-501 of this title, the file number, the date that the initial financing statement was filed or recorded, and the information specified in subsection (b) of Section 1-9-502 of this title;(2) indicate that it is an information statement; and(3) provide the basis for the person's belief that the record is inaccurate and indicate the manner in which the person believes the record should be amended to cure any inaccuracy or provide the basis for the person's belief that the record was wrongfully filed.(c) A person may file in the filing office an information statement with respect to a record filed there if the person is a secured party of record with respect to the financing statement to which the record relates and believes that the person that filed the record was not entitled to do so under subsection (d) of Section 1-9-509 of this title.(d) An information statement under subsection (c) of this section must:(1) identify the record to which it relates by:(A)the file number assigned to the initial financing statement to which the record relates; and(B)if the statement relates to a record filed or recorded in a filing office described in paragraph (1) of subsection (a) of Section 1-9-501 of this title, the date that the initial financing statement was filed or recorded and the information specified in subsection (b) of Section 1-9-502 of this title;(2) indicate that it is an information statement; and(3) provide the basis for the person's belief that the person that filed the record was not entitled to do so under subsection (d) of Section 1-9-509 of this title.(e) The filing of an information statement does not affect the effectiveness of an initial financing statement or other filed record.Added by Laws 2000, c. 371, § 96, eff. July 1, 2001. Amended by Laws 2015, c. 374, § 14, eff. Nov. 1, 2015.
12A OK Stat § 12A-1-9-520 (2021)
2021 Oklahoma Statutes|Title 12A. Commercial Code|§12A-1-9-520. Acceptance and refusal to accept record.

|ACCEPTANCE AND REFUSAL TO ACCEPT RECORD |(a) A filing office shall refuse to accept a record for filing for a reason set forth in subsection (b) of Section 1-9-516 of this title and may refuse to accept a record for filing only for a reason set forth in subsection (b) of Section 1-9-516 of this title.(b) If a filing office refuses to accept a record for filing, it shall communicate to the person that presented the record the fact of and reason for the refusal and the date and time the record would have been filed had the filing office accepted it. The communication must be made at the time and in the manner prescribed by filing-office rule, but, in the case of a filing office described in paragraph (2) of subsection (a) of Section 1-9-501 of this title, in no event more than two (2) business days after the filing office receives the record.(c) A filed financing statement satisfying subsections (a) and (b) of Section 1-9-502 of this title is effective, even if the filing office is required to refuse to accept it for filing under subsection (a). However, Section 1-9-338 of this title applies to a filed financing statement providing information described in paragraph (5) of subsection (b) of Section 1-9-516 of this title which is incorrect at the time the financing statement is filed.(d) If a record communicated to a filing office provides information that relates to more than one debtor, this part applies to each debtor separately.Added by Laws 2000, c. 371, § 98, eff. July 1, 2001.
12A OK Stat § 12A-1-9-522 (2021)
2021 Oklahoma Statutes|Title 12A. Commercial Code|§12A-1-9-522. Maintenance and destruction of records.

|MAINTENANCE AND DESTRUCTION OF RECORDS |(a) The filing office shall maintain a record of the information provided in a filed financing statement for at least one year after the effectiveness of the financing statement has lapsed under Section 1-9-515 of this title with respect to all secured parties of record. The record must be retrievable by using the name of the debtor and:(1) if the record was filed or recorded in the filing office described in paragraph (1) of subsection (a) of Section 1-9-501 of this title, by using the file number of the initial financing statement to which the record relates and the date and that the record was filed or recorded, and by the legal description of the real estate adequate for the purposes of indexing in the tract indexes of the county where the real estate is situated; or(2) if the record was filed in the filing office described in paragraph (2) of subsection (a) of Section 1-9-501 of this title, by using the file number of the initial financing statement to which the record relates.(b) Except to the extent that a statute governing disposition of public records provides otherwise, the filing office immediately may destroy any written record evidencing a financing statement. However, if the filing office destroys a written record, it shall maintain another record of the financing statement which complies with subsection (a) of this section.Added by Laws 2000, c. 371, § 100, eff. July 1, 2001.
12A OK Stat § 12A-1-9-523 (2021)
2021 Oklahoma Statutes|Title 12A. Commercial Code|§12A-1-9-523. Information from filing office; sale or license of records.

|INFORMATION FROM FILING OFFICE; SALE OR LICENSE OF RECORDS |(a) If a person that files a written record requests an acknowledgment of the filing, the filing office shall send to the person an image of the record showing the number assigned to the record pursuant to paragraph (1) of subsection (a) of Section 1-9-519 of this title and the date and time of the filing of the record. However, if the person furnishes a copy of the record to the filing office, the filing office may instead:(1) note upon the copy the number assigned to the record pursuant to paragraph (1) of subsection (a) of Section 1-9-519 of this title and the date and time of the filing of the record; and(2) send the copy to the person.(b) If a person files a record other than a written record, the filing office shall communicate to the person an acknowledgment that provides:(1) the information in the record;(2) the number assigned to the record pursuant to paragraph (1) of subsection (a) of Section 1-9-519 of this title; and(3) the date and time of the filing of the record.(c) The filing office shall communicate or otherwise make available in a record the following information to any person that requests it:(1) whether there is on file on a date and time specified by the filing office, but not a date earlier than three (3) business days before the filing office receives the request, any financing statement that:(A)designates a particular debtor or, if the request so states, designates a particular debtor at the address specified in the request;(B)has not lapsed under Section 1-9-515 of this title with respect to all secured parties of record; and(C)if the request so states, has lapsed under Section 1-9-515 of this title and a record of which is maintained by the filing office under subsection (a) of Section 1-9-522 of this title;(2) the date and time of filing of each financing statement; and(3) the information provided in each financing statement.(d) In complying with its duty under subsection (c) of this section, the filing office may communicate information in any medium. However, if requested, the filing office shall communicate information by issuing a record that can be admitted into evidence in the courts of this state without extrinsic evidence of its authenticity.(e) The filing office shall perform the acts required by subsections (a) through (d) of this section at the time and in the manner prescribed by filing-office rule, but not later than two (2) business days after the filing office receives the request.(f) At least weekly, the filing office shall offer to sell or license to the public on a nonexclusive basis, in bulk, copies of all records filed in it under this part, in every medium from time to time available to the filing office.Added by Laws 2000, c. 371, § 101, eff. July 1, 2001.
12A OK Stat § 12A-1-9-524 (2021)
2021 Oklahoma Statutes|Title 12A. Commercial Code|§12A-1-9-524. Delay by filing office.

|DELAY BY FILING OFFICE |Delay by the filing office beyond a time limit prescribed by this part is excused if:(1) the delay is caused by interruption of communication or computer facilities, war, emergency conditions, failure of equipment, or other circumstances beyond control of the filing office; and(2) the filing office exercises reasonable diligence under the circumstances.Added by Laws 2000, c. 371, § 102, eff. July 1, 2001.
12A OK Stat § 12A-1-9-525.1 (2021)
2021 Oklahoma Statutes|Title 12A. Commercial Code|§12A-1-9-525.1. Disposition of fees.

|DISPOSITION OF FEES |(a) There is hereby created a cash account to be known as the “Oklahoma County Clerk’s Uniform Commercial Code Central Filing Fund”. The fund shall be a continuing fund, not subject to fiscal year limitations, and shall consist of all fees and penalties collected pursuant to Section 1-9-525 of this title by the county clerk of Oklahoma County, all monies otherwise credited to the account, and any interest accruing thereon.(b) Monies in this account shall be expended in the following amounts for the following purposes:(1) Of the fees collected pursuant to paragraphs (1) and (2) of subsection (a) of Section 1-9-525 of this title, Five Dollars ($5.00) shall be paid monthly by the thirtieth day following the month in which collected to the general fund of Oklahoma County as a liquidated fee for capital and other expenses associated with operation of the filing office; and(2) All other fees or parts of fees and any interest accruing to this account shall be expended by the county clerk of Oklahoma County for the lawful operation of the filing office.(c) The county clerk of Oklahoma County may, by rule, establish prepaid fee accounts. If adopted, the rule shall provide for at least the following:(1) An application for an account on a form prescribed in the rule;(2) A one-time application fee of not more than Twenty Dollars ($20.00);(3) Acceptable methods of making deposits to an account;(4) Any requirements for a minimum initial deposit, a minimum balance, and a minimum amount for subsequent deposits;(5) The fees and penalties which may be paid from the account;(6) Procedures for making deposits to and payments from an account; and(7) Procedures for closing an account.Added by Laws 2000, c. 371, § 104, eff. July 1, 2001.
12A OK Stat § 12A-1-9-525 (2021)
2021 Oklahoma Statutes|Title 12A. Commercial Code|§12A-1-9-525. Fees.

|FEES |(a) Except as otherwise provided in subsection (e) of this section, the fee for filing and indexing a record under this part, other than an initial financing statement of the kind described in subsection (c) of Section 1-9-502 of this title, is:(1) Ten Dollars ($10.00) if the record is communicated in writing and consists of one to five pages, and an additional One Dollar ($1.00) per page for each page exceeding five; and(2) Ten Dollars ($10.00) if the record is communicated by an electronic medium authorized by filing-office rule.(b) The number of names required to be indexed does not affect the amount of the fee in subsection (a) of this section.(c) The fee for responding to a request for information from the filing office in any medium designated by the filing office, including issuing a certificate showing whether there is on file any financing statement naming a particular debtor, is Ten Dollars ($10.00) for each debtor.(d) The fee for a copy of a record is One Dollar ($1.00) per page regardless of the medium used.(e) This section does not require a fee with respect to a record of a mortgage which is effective as a financing statement filed as a fixture filing or as a financing statement covering as-extracted collateral or timber to be cut under subsection (c) of Section 1-9-502 of this title. However, the recording and satisfaction fees that otherwise would be applicable to the record of the mortgage apply pursuant to paragraphs 1, 2, 4, 7, 11, 15 and 16 of subsection A of Section 32 of Title 28 of the Oklahoma Statutes.(f) The fee for providing certified copies shall be One Dollar ($1.00) per page regardless of medium.(g) The fee for providing bulk data of indexed records as described in subsection (f) of Section 1-9-523 of this title is as follows:(1) Five Hundred Dollars ($500.00) for the initial database history.(2) Fifty Dollars ($50.00) for weekly updates to the database.(3) Four cents ($0.04) per page for images of filed records.(h) The filing office may accept payment for fees by automated clearing house or by a nationally recognized debit or credit card. If payment is made by a credit or debit card, the filing office may add an amount equal to the amount of the service charge incurred for the acceptance of the payment. The filing office may enter into contracts for credit card processing services according to applicable county purchasing laws or may enter into agreements with the State Treasurer to participate in any credit card processing agreements entered into by the State Treasurer.Added by Laws 2000, c. 371, § 103, eff. July 1, 2001.
12A OK Stat § 12A-1-9-526 (2021)
2021 Oklahoma Statutes|Title 12A. Commercial Code|§12A-1-9-526. Filing-office rules.

|FILING-OFFICE RULES |(a) The county clerk of Oklahoma County shall adopt and publish rules to implement this article. The filing-office rules must be:(1) consistent with this article; and(2) adopted and published in accordance with Section 1-9-526.1 of this title.(b) To keep the filing-office rules and practices of the filing office in harmony with the rules and practices of filing offices in other jurisdictions that enact substantially this part, and to keep the technology used by the filing office compatible with the technology used by filing offices in other jurisdictions that enact substantially this part, the county clerk of Oklahoma County, so far as is consistent with the purposes, policies, and provisions of this article, in adopting, amending, and repealing filing-office rules, shall:(1) consult with filing offices in other jurisdictions that enact substantially this part;(2) consult the most recent version of the Model Rules promulgated by the International Association of Corporate Administrators or any successor organization; and(3) take into consideration the rules and practices of, and the technology used by, filing offices in other jurisdictions that enact substantially this part.Added by Laws 2000, c. 371, § 105, eff. Jan. 1, 2001.
12A OK Stat § 12A-1-9-527 (2021)
2021 Oklahoma Statutes|Title 12A. Commercial Code|§12A-1-9-527. Duty to report.

|DUTY TO REPORT |The county clerk of Oklahoma County shall report annually on or before January 1 to the Governor and Legislature on the operation of the filing office. The report must contain a statement of the extent to which:(1) the filing-office rules are not in harmony with the rules of filing offices in other jurisdictions that enact substantially this part and the reasons for these variations; and(2) the filing-office rules are not in harmony with the most recent version of the Model Rules promulgated by the International Association of Corporate Administrators, or any successor organization, and the reasons for these variations.Added by Laws 2000, c. 371, § 107, eff. Jan. 1, 2001.
12A OK Stat § 12A-1-9-601 (2021)
2021 Oklahoma Statutes|Title 12A. Commercial Code|§12A-1-9-601. Rights after default - Judicial enforcement - Consignor or buyer of accounts, chattel paper, payment intangibles, or promissory notes.

|RIGHTS AFTER DEFAULT; JUDICIAL ENFORCEMENT; |CONSIGNOR OR BUYER OF ACCOUNTS, CHATTEL PAPER,PAYMENT INTANGIBLES, OR PROMISSORY NOTES(a) After default, a secured party has the rights provided in this part and, except as otherwise provided in Section 1-9-602 of this title, those provided by agreement of the parties. A secured party:(1) may reduce a claim to judgment, foreclose, or otherwise enforce the claim, security interest, or agricultural lien by any available judicial procedure, but Section 686 of Title 12 of the Oklahoma Statutes, shall not apply to the enforcement of a claim, security interest, or agricultural lien under this article except as provided in Section 1-9-604 of this title where the procedure is in accordance with the rights of the parties with respect to real property; and(2) if the collateral is documents, may proceed either as to the documents or as to the goods they cover.(b) A secured party in possession of collateral or control of collateral under Section 7-106, 1-9-104, 1-9-105, 1-9-106, or 1-9-107 of this title has the rights and duties provided in Section 1-9-207 of this title.(c) The rights under subsections (a) and (b) of this section are cumulative and may be exercised simultaneously.(d) Except as otherwise provided in subsection (g) of this section and Section 1-9-605 of this title, after default, a debtor and an obligor have the rights provided in this part and by agreement of the parties.(e) If a secured party has reduced its claim to judgment, the lien of any levy that may be made upon the collateral by virtue of an execution based upon the judgment relates back to the earliest of:(1) the date of perfection of the security interest or agricultural lien in the collateral;(2) the date of filing a financing statement covering the collateral; or(3) any date specified in a statute under which the agricultural lien was created.(f) A sale pursuant to an execution is a foreclosure of the security interest or agricultural lien by judicial procedure within the meaning of this section. A secured party may purchase at the sale and thereafter hold the collateral free of any other requirements of this article.(g) Except as otherwise provided in subsection (c) of Section 1-9-607 of this title, this part imposes no duties upon a secured party that is a consignor or is a buyer of accounts, chattel paper, payment intangibles, or promissory notes.Added by Laws 2000, c. 371, § 108, eff. July 1, 2001. Amended by Laws 2005, c. 140, § 70, eff. Jan. 1, 2006.