reglab/housing_qa huggingface dataset:
SC Code § 36-9-501 (2021)
2021 South Carolina Code of Laws|Title 36 - Commercial Code|Chapter 9 - Commercial Code - Secured Transactions|Section 36-9-501. Filing office.

 (a) Except as otherwise provided in subsection (b), if the local law of this State governs perfection of a security interest or agricultural lien, the office in which to file a financing statement to perfect the security interest or agricultural lien is:  (1) the office designated for the filing or recording of a record of a mortgage on the related real property, if:  (A) the collateral is as-extracted collateral or timber to be cut; or  (B) the financing statement is filed as a fixture filing and the collateral is goods that are or are to become fixtures; or  (2) the office of the Secretary of State or any office duly authorized by the Secretary of State, in all other cases, including a case in which the collateral is goods that are or are to become fixtures and the financing statement is not filed as a fixture filing.  (b) The office in which to file a financing statement to perfect a security interest in collateral, including fixtures, of a transmitting utility is the office of the Secretary of State. The financing statement also constitutes a fixture filing as to the collateral indicated in the financing statement which is or is to become fixtures.  (c) A person may not knowingly or intentionally file with the filing office as provided in subsections (a) or (b) a false or fraudulent financing statement or a financing statement filed for the purpose of hindering, harassing, or wrongfully interfering with another person or entity. In addition to another penalty provided by law, a violation of this subsection is a felony punishable by imprisonment for not more than five years or a fine of not more than two thousand five hundred dollars, or both. If the person is convicted of the violation, the court may find that the financing statement is ineffective, may order the filing office to terminate or purge the financing statement, and may order restitution to an aggrieved party.  (d) If a person files with the filing office pursuant to subsections(a) or (b) a false or fraudulent financing statement or a financing statement filed for the purpose of hindering, harassing, or wrongfully interfering with another person or entity, a debtor named in that financing statement may file an action against the person that filed the financing statement seeking appropriate equitable relief or damages including, but not limited to, an order declaring the financing statement ineffective, ordering the filing office to terminate or purge the financing statement, and awarding reasonable attorney fees.  HISTORY: 1962 Code Section 10.9-501; 1966 (54) 2716; 1988 Act No. 494, Section 5; 2001 Act No. 67, Section 12; 2005 Act No. 161, Section 37.A, eff upon approval (became law without the Governor's signature on June 9, 2005).  Effect of Amendment  The 2005 amendment added subsection (c) and (d) relating to fraudulent financing statements.
SC Code § 36-9-502 (2021)
2021 South Carolina Code of Laws|Title 36 - Commercial Code|Chapter 9 - Commercial Code - Secured Transactions|Section 36-9-502. Contents of financing statement; record of mortgage as financing statement; time of filing financing statement.

 (a) Subject to subsection (b), a financing statement is sufficient only if it:  (1) provides the name of the debtor;  (2) provides the name of the secured party or a representative of the secured party; and  (3) indicates the collateral covered by the financing statement.  (b) Except as otherwise provided in Section 36-9-501(b), to be sufficient, a financing statement that covers as-extracted collateral or timber to be cut, or which is filed as a fixture filing and covers goods that are or are to become fixtures, must satisfy subsection (a) and also:  (1) indicate that it covers this type of collateral;  (2) indicate that it is to be filed for record in the real property records;  (3) provide a description of the real property to which the collateral is related sufficient to give constructive notice of a mortgage under the law of this State if the description were contained in a record of the mortgage of the real property; and  (4) if the debtor does not have an interest of record in the real property, provide the name of a record owner.  (c) A record of a mortgage is effective, from the date of recording, as a financing statement filed as a fixture filing or as a financing statement covering as-extracted collateral or timber to be cut only if the:  (1) record indicates the goods or accounts that it covers;  (2) goods are or are to become fixtures related to the real property described in the record or the collateral is related to the real property described in the record and is as-extracted collateral or timber to be cut;  (3) record satisfies the requirements for a financing statement in this section, but the:  (A) record need not indicate that it is to be filed in the real property records; and  (B) record sufficiently provides the name of a debtor who is an individual if it provides the individual name of the debtor or the surname and first personal name of the debtor, even if the debtor is an individual to whom Section 36-9-503(a)(6) applies; and  (4) record is duly recorded.  (d) A financing statement may be filed before a security agreement is made or a security interest otherwise attaches.  HISTORY: 1962 Code Section 10.9-502; 1966 (54) 2716; 1988 Act No. 494, Section 5; 2001, Act No. 67, Section 12; 2013 Act No. 96, Section 11, eff July 1, 2013.
SC Code § 36-9-504 (2021)
2021 South Carolina Code of Laws|Title 36 - Commercial Code|Chapter 9 - Commercial Code - Secured Transactions|Section 36-9-504. Indication of collateral.

 A financing statement sufficiently indicates the collateral that it covers if the financing statement provides:  (1) a description of the collateral pursuant to Section 36-9-108; or  (2) an indication that the financing statement covers all assets or all personal property.  HISTORY: 1962 Code Section 10.9-504; 1966 (54) 2716; 1988 Act No. 494, Section 5; 2001 Act No. 67, Section 12.
SC Code § 36-9-505 (2021)
2021 South Carolina Code of Laws|Title 36 - Commercial Code|Chapter 9 - Commercial Code - Secured Transactions|Section 36-9-505. Filing and compliance with other statutes and treaties for consignments, leases, other bailments, and other transactions.

 (a) A consignor, lessor, or other bailor of goods, a licensor, or a buyer of a payment intangible or promissory note may file a financing statement, or may comply with a statute or treaty described in Section 36-9-311(a), using the terms "consignor", "consignee", "lessor", "lessee", "bailor", "bailee", "licensor", "licensee", "owner", "registered owner", "buyer", "seller", or words of similar import, instead of the terms "secured party" and "debtor".  (b) This part applies to the filing of a financing statement under subsection (a) and, as appropriate, to compliance that is equivalent to filing a financing statement under section 36-9-311(b), but the filing or compliance is not of itself a factor in determining whether the collateral secures an obligation. If it is determined for another reason that the collateral secures an obligation, a security interest held by the consignor, lessor, bailor, licensor, owner, or buyer which attaches to the collateral is perfected by the filing or compliance.  HISTORY: 1962 Code Section 10.9-505; 1966 (54) 2716; 1980 Act No. 413; 1988 Act No. 494, Section 5; 2001 Act No. 67, Section 12.
SC Code § 36-9-506 (2021)
2021 South Carolina Code of Laws|Title 36 - Commercial Code|Chapter 9 - Commercial Code - Secured Transactions|Section 36-9-506. Effect of errors or omissions.

 (a) A financing statement substantially satisfying the requirements of this part is effective, even if it has minor errors or omissions, unless the errors or omissions make the financing statement seriously misleading.  (b) Except as otherwise provided in subsection (c), a financing statement that fails sufficiently to provide the name of the debtor in accordance with Section 36-9-503(a) is seriously misleading.  (c) If a search of the records of the filing office under the debtor's correct name, using the filing office's standard search logic, if any, would disclose a financing statement that fails sufficiently to provide the name of the debtor in accordance with Section 36-9-503(a), the name provided does not make the financing statement seriously misleading.  (d) For purposes of Section 36-9-508(b), the "debtor's correct name" in subsection (c) means the correct name of the new debtor.  HISTORY: 1962 Code Section 10.9-506; 1966 (54) 2716; 1988 Act No. 494, Section 5; 2001 Act No. 67, Section 12.
SC Code § 36-9-507 (2021)
2021 South Carolina Code of Laws|Title 36 - Commercial Code|Chapter 9 - Commercial Code - Secured Transactions|Section 36-9-507. Effect of certain events on effectiveness of financing statement.

 (a) A filed financing statement remains effective with respect to collateral that is sold, exchanged, leased, licensed, or otherwise disposed of and in which a security interest or agricultural lien continues, even if the secured party knows of or consents to the disposition.  (b) Except as otherwise provided in subsection (c) and Section 36-9-508, a financing statement is not rendered ineffective if, after the financing statement is filed, the information provided in the financing statement becomes seriously misleading under Section 36-9-506.  (c) If the name that a filed financing statement provides for a debtor becomes insufficient as the name of the debtor pursuant to Section 36-9-503(a) so that the financing statement becomes seriously misleading pursuant to Section 36-9-506:  (1) the financing statement is effective to perfect a security interest in collateral acquired by the debtor before, or within four months after, the filed financing statement becomes seriously misleading; and  (2) the financing statement is not effective to perfect a security interest in collateral acquired by the debtor more than four months after the filed financing statement becomes seriously misleading, unless an amendment to the financing statement which renders the financing statement not seriously misleading is filed within four months after the financing statement became seriously misleading.  HISTORY: 1962 Code Section 10.9-507; 1966 (54) 2716; 1988 Act No. 494, Section 5; 2001 Act No. 67, Section 12; 2013 Act No. 96, Section 13, eff July 1, 2013.  Effect of Amendment  The 2013 amendment rewrote subsection (c).
SC Code § 36-9-508 (2021)
2021 South Carolina Code of Laws|Title 36 - Commercial Code|Chapter 9 - Commercial Code - Secured Transactions|Section 36-9-508. Effectiveness of financing statement if new debtor becomes bound by security agreement.

 (a) Except as otherwise provided in this section, a filed financing statement naming an original debtor is effective to perfect a security interest in collateral in which a new debtor has or acquires rights to the extent that the financing statement would have been effective had the original debtor acquired rights in the collateral.  (b) If the difference between the name of the original debtor and that of the new debtor causes a filed financing statement that is effective under subsection (a) to be seriously misleading under Section 36-9-506:  (1) the financing statement is effective to perfect a security interest in collateral acquired by the new debtor before, and within four months after, the new debtor becomes bound under Section 36-9-203(d); and  (2) the financing statement is not effective to perfect a security interest in collateral acquired by the new debtor more than four months after the new debtor becomes bound under Section 36-9-203(d) unless an initial financing statement providing the name of the new debtor is filed before the expiration of that time.  (c) This section does not apply to collateral as to which a filed financing statement remains effective against the new debtor under Section 36-9-507(a).  HISTORY: 2001 Act No. 67, Section 12.
SC Code § 36-9-509 (2021)
2021 South Carolina Code of Laws|Title 36 - Commercial Code|Chapter 9 - Commercial Code - Secured Transactions|Section 36-9-509. Persons entitled to file a record.

 (a) A person may file an initial financing statement, amendment that adds collateral covered by a financing statement, or amendment that adds a debtor to a financing statement only if:  (1) the debtor authorizes the filing in an authenticated record or pursuant to subsection (b) or (c); or  (2) the person holds an agricultural lien that has become effective at the time of filing and the financing statement covers only collateral in which the person holds an agricultural lien.  (b) By authenticating or becoming bound as debtor by a security agreement, a debtor or new debtor authorizes the filing of an initial financing statement, and an amendment, covering:  (1) the collateral described in the security agreement; and  (2) property that becomes collateral under Section 36-9-315(a)(2), whether or not the security agreement expressly covers proceeds.  (c) By acquiring collateral in which a security interest or agricultural lien continues under Section 36-9-315(a)(1), a debtor authorizes the filing of an initial financing statement, and an amendment, covering the collateral and property that becomes collateral under Section 36-9-315(a)(2).  (d) A person may file an amendment other than an amendment that adds collateral covered by a financing statement or an amendment that adds a debtor to a financing statement only if:  (1) the secured party of record authorizes the filing; or  (2) the amendment is a termination statement for a financing statement as to which the secured party of record has failed to file or send a termination statement as required by Section 36-9-513(a) or (c), the debtor authorizes the filing, and the termination statement indicates that the debtor authorized it to be filed.  (e) If there is more than one secured party of record for a financing statement, each secured party of record may authorize the filing of an amendment under subsection (d).  HISTORY: 2001 Act No. 67, Section 12.
SC Code § 36-9-510 (2021)
2021 South Carolina Code of Laws|Title 36 - Commercial Code|Chapter 9 - Commercial Code - Secured Transactions|Section 36-9-510. Effectiveness of filed record.

 (a) A filed record is effective only to the extent that it was filed by a person that may file it under Section 36-9-509 .  (b) A record authorized by one secured party of record does not affect the financing statement with respect to another secured party of record.  (c) A continuation statement that is not filed within the six-month period prescribed by Section 36-9-515(d) is ineffective.  HISTORY: 2001 Act No. 67, Section 12.
SC Code § 36-9-511 (2021)
2021 South Carolina Code of Laws|Title 36 - Commercial Code|Chapter 9 - Commercial Code - Secured Transactions|Section 36-9-511. Secured party of record.

 (a) A secured party of record with respect to a financing statement is a person whose name is provided as the name of the secured party or a representative of the secured party in an initial financing statement that has been filed. If an initial financing statement is filed under Section 36-9-514(a), the assignee named in the initial financing statement is the secured party of record with respect to the financing statement.  (b) If an amendment of a financing statement which provides the name of a person as a secured party or a representative of a secured party is filed, the person named in the amendment is a secured party of record. If an amendment is filed under Section 36-9-514(b), the assignee named in the amendment is a secured party of record.  (c) A person remains a secured party of record until the filing of an amendment of the financing statement which deletes the person.  HISTORY: 2001 Act No. 67, Section 12.
SC Code § 36-9-512 (2021)
2021 South Carolina Code of Laws|Title 36 - Commercial Code|Chapter 9 - Commercial Code - Secured Transactions|Section 36-9-512. Amendment of financing statement.

 (a) Subject to Section 36-9-509, a person may add or delete collateral covered by, continue or terminate the effectiveness of, or, subject to subsection (e), otherwise amend the information provided in, a financing statement by filing an amendment that:  (1) identifies, by its file number, the initial financing statement to which the amendment relates; and  (2) if the amendment relates to an initial financing statement filed or recorded in a filing office described in Section 36-9-501(a)(1), provides the date and time that the initial financing statement was filed or recorded and the information specified in Section 36-9-502(b).  (b) Except as otherwise provided in Section 36-9-515, the filing of an amendment does not extend the period of effectiveness of the financing statement.  (c) A financing statement that is amended by an amendment that adds collateral is effective as to the added collateral only from the date of the filing of the amendment.  (d) A financing statement that is amended by an amendment that adds a debtor is effective as to the added debtor only from the date of the filing of the amendment.  (e) An amendment is ineffective to the extent it:  (1) purports to delete all debtors and fails to provide the name of a debtor to be covered by the financing statement; or  (2) purports to delete all secured parties of record and fails to provide the name of a new secured party of record.  HISTORY: 2001 Act No. 67, Section 12.
SC Code § 36-9-513 (2021)
2021 South Carolina Code of Laws|Title 36 - Commercial Code|Chapter 9 - Commercial Code - Secured Transactions|Section 36-9-513. Termination statement.

 (a) A secured party shall cause the secured party of record for a financing statement to file a termination statement for the financing statement if the financing statement covers consumer goods and:  (1) there is no obligation secured by the collateral covered by the financing statement and no commitment to make an advance, incur an obligation, or otherwise give value; or  (2) the debtor did not authorize the filing of the initial financing statement.  (b) To comply with subsection (a), a secured party shall cause the secured party of record to file the termination statement:  (1) within one month after there is no obligation secured by the collateral covered by the financing statement and no commitment to make an advance, incur an obligation, or otherwise give value; or  (2) if earlier, within twenty days after the secured party receives an authenticated demand from a debtor.  (c) In cases not governed by subsection (a), within twenty days after a secured party receives an authenticated demand from a debtor, the secured party shall cause the secured party of record for a financing statement to send to the debtor a termination statement for the financing statement or file the termination statement in the filing office if:  (1) except in the case of a financing statement covering accounts or chattel paper that has been sold or goods that are the subject of a consignment, there is no obligation secured by the collateral covered by the financing statement and no commitment to make an advance, incur an obligation, or otherwise give value;  (2) the financing statement covers accounts or chattel paper that has been sold but as to which the account debtor or other person obligated has discharged its obligation;  (3) the financing statement covers goods that were the subject of a consignment to the debtor but are not in the debtor's possession; or  (4) the debtor did not authorize the filing of the initial financing statement.  (d) Except as otherwise provided in Section 36-9-510, upon the filing of a termination statement with the filing office, the financing statement to which the termination statement relates ceases to be effective. Except as otherwise provided in Section 36-9-510, for purposes of Sections 36-9-519(g), 36-9-522(a), and 36-9-523(c), the filing with the filing office of a termination statement relating to a financing statement that indicates that the debtor is a transmitting utility also causes the effectiveness of the financing statement to lapse.  HISTORY: 2001 Act No. 67, Section 12.
SC Code § 36-9-514 (2021)
2021 South Carolina Code of Laws|Title 36 - Commercial Code|Chapter 9 - Commercial Code - Secured Transactions|Section 36-9-514. Assignment of powers of secured party of record.

 (a) Except as otherwise provided in subsection (c), an initial financing statement may reflect an assignment of all of the secured party's power to authorize an amendment to the financing statement by providing the name and mailing address of the assignee as the name and address of the secured party.  (b) Except as otherwise provided in subsection (c), a secured party of record may assign of record all or part of its power to authorize an amendment to a financing statement by filing in the filing office an amendment of the financing statement which:  (1) identifies, by its file number, the initial financing statement to which it relates;  (2) provides the name of the assignor; and  (3) provides the name and mailing address of the assignee.  (c) An assignment of record of a security interest in a fixture covered by a record of a mortgage which is effective as a financing statement filed as a fixture filing under Section 36-9-502(c) may be made only by an assignment of record of the mortgage in the manner provided by law of this State other than the Uniform Commercial Code.  HISTORY: 2001 Act No. 67, Section 12.