reglab/housing_qa huggingface dataset:
V.I. Code tit. 11A, § 9-514 (2019)
2019 US Virgin Islands Code|Title 11A - Uniform Commercial Code|Article 9 - Secured Transactions|Part 5 - Filing|Subpart 1 - Filing Office; Contents and Effectiveness of Financing Statement|§ 9-514. Assignment of powers of secured party of record

 (a) Assignment reflected on initial financing statement. 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) Assignment of filed financing statement. 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) Assignment of record of mortgage. 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 § 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 Title 11A Virgin Islands Code (the Uniform Commercial Code).
V.I. Code tit. 11A, § 9-515 (2019)
2019 US Virgin Islands Code|Title 11A - Uniform Commercial Code|Article 9 - Secured Transactions|Part 5 - Filing|Subpart 1 - Filing Office; Contents and Effectiveness of Financing Statement|§ 9-515. Duration and effectiveness of financing statement; effect of lapsed financing statement

 (a) Five-year effectiveness. Except as otherwise provided in subsections (b), (e), (f), and (g), a filed financing statement is effective for a period of five years after the date of filing. (b) Public-finance or manufactured-home transaction. Except as otherwise provided in subsections (e), (f), and (g), an initial financing statement filed in connection with a public-finance transaction or manufactured-home transaction is effective for a period of 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) Lapse and continuation of financing statement. 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). 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) When continuation statement may be filed. A continuation statement may be filed only within six months before the expiration of the five-year period specified in subsection (a) or the 30-year period specified in subsection (b), whichever is applicable. (e) Effect of filing continuation statement. Except as otherwise provided in § 9–510, upon timely filing of a continuation statement, the effectiveness of the initial financing statement continues for a period of five 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), unless, before the lapse, another continuation statement is filed pursuant to subsection (d). Succeeding continuation statements may be filed in the same manner to continue the effectiveness of the initial financing statement. (f) Transmitting utility financing statement. 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) Record of mortgage as financing statement. A record of a mortgage that is effective as a financing statement filed as a fixture filing under § 9–502(c) 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.
V.I. Code tit. 11A, § 9-517 (2019)
2019 US Virgin Islands Code|Title 11A - Uniform Commercial Code|Article 9 - Secured Transactions|Part 5 - Filing|Subpart 1 - Filing Office; Contents and Effectiveness of Financing Statement|§ 9-517. Effect of indexing errors

 The failure of the filing office to index a record correctly does not affect the effectiveness of the filed record.
V.I. Code tit. 11A, § 9-518 (2019)
2019 US Virgin Islands Code|Title 11A - Uniform Commercial Code|Article 9 - Secured Transactions|Part 5 - Filing|Subpart 1 - Filing Office; Contents and Effectiveness of Financing Statement|§ 9-518. Claim concerning inaccurate or wrongfully filed record

 (a) Correction statement. A person may file in the filing office a correction 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) Sufficiency of correction statement. A correction statement must: (1) identify the record to which it relates by the file number assigned to the initial financing statement to which the record relates; (2) indicate that it is a correction 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) Record not affected by correction statement. The filing of a correction statement does not affect the effectiveness of an initial financing statement or other filed record.
V.I. Code tit. 11A, § 9-520 (2019)
2019 US Virgin Islands Code|Title 11A - Uniform Commercial Code|Article 9 - Secured Transactions|Part 5 - Filing|Subpart 2 - Duties and Operation of Filing Office|§ 9-520. Acceptance and refusal to accept record

 (a) Mandatory refusal to accept record. A filing office shall refuse to accept a record for filing for a reason set forth in § 9–516(b) and may refuse to accept a record for filing only for a reason set forth in § 9–516(b). (b) Communication concerning refusal. 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 no event more than two business days after the filing office receives the record. (c) When filed financing statement effective. A filed financing statement satisfying § 9–502(a) and (b) is effective, even if the filing office is required to refuse to accept it for filing under subsection (a). However, § 9–338 applies to a filed financing statement providing information described in § 9–516(b)(5) which is incorrect at the time the financing statement is filed. (d) Separate application to multiple debtors. If a record communicated to a filing office provides information that relates to more than one debtor, this part applies as to each debtor separately.
V.I. Code tit. 11A, § 9-521 (2019)
2019 US Virgin Islands Code|Title 11A - Uniform Commercial Code|Article 9 - Secured Transactions|Part 5 - Filing|Subpart 2 - Duties and Operation of Filing Office|§ 9-521. Uniform form of written financing statement and amendment

 (a) Initial financing statement form. A filing office that accepts written records may not refuse to accept a written initial financing statement in the form and format set forth in the final official text of the 1999 revisions to article 9 of the Uniform Commercial Code promulgated by the National Conference of Commissioners on Uniform State Laws and the American Law Institute, except for reasons set forth in § 9–516(b). (b) Amendment form. A filing office that accepts written records may not refuse to accept a written record in the form and format set forth in the final official text of the 1999 revisions to article 9 of the Uniform Commercial Code promulgated by the National Conference of Commissioners on Uniform State Laws and the American Law Institute, except for reasons set forth in § 9–516(b).
V.I. Code tit. 11A, § 9-522 (2019)
2019 US Virgin Islands Code|Title 11A - Uniform Commercial Code|Article 9 - Secured Transactions|Part 5 - Filing|Subpart 2 - Duties and Operation of Filing Office|§ 9-522. Maintenance and destruction of records

 (a) Post-lapse maintenance and retrieval of information. 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 § 9–515 with respect to all secured parties of record. The record must be retrievable by using the name of the debtor and by using the file number assigned to the initial financing statement to which the record relates. (b) Destruction of written records. 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).
V.I. Code tit. 11A, § 9-523 (2019)
2019 US Virgin Islands Code|Title 11A - Uniform Commercial Code|Article 9 - Secured Transactions|Part 5 - Filing|Subpart 2 - Duties and Operation of Filing Office|§ 9-523. Information from filing office; sale or license of records

 (a) Acknowledgment of filing written record. 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 § 9–519(a)(1) 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 § 9–519(a)(1) and the date and time of the filing of the record; and (2) send the copy to the person. (b) Acknowledgment of filing other record. 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 § 9–519(a)(1); and (3) the date and time of the filing of the record. (c) Communication of requested information. 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 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 § 9–515 with respect to all secured parties of record; and (C) if the request so states, has lapsed under § 9–515 and a record of which is maintained by the filing office under § 9–522(a); (2) the date and time of filing of each financing statement; and (3) the information provided in each financing statement. (d) Medium for communicating information. In complying with its duty under subsection (c), 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) Timeliness of filing office performance. The filing office shall perform the acts required by subsections (a) through (d) at the time and in the manner prescribed by filing-office rule, but not later than two business days after the filing office receives the request. (f) Public availability of records. At least weekly, the Office of the Lieutenant Governor 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.
V.I. Code tit. 11A, § 9-524 (2019)
2019 US Virgin Islands Code|Title 11A - Uniform Commercial Code|Article 9 - Secured Transactions|Part 5 - Filing|Subpart 2 - Duties and Operation of Filing Office|§ 9-524. 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.
V.I. Code tit. 11A, § 9-525 (2019)
2019 US Virgin Islands Code|Title 11A - Uniform Commercial Code|Article 9 - Secured Transactions|Part 5 - Filing|Subpart 2 - Duties and Operation of Filing Office|§ 9-525. Fees

 (a) Initial financing statement or other record. Except as otherwise provided in subsection (e), fees for services rendered by the filing office under this Part must be set by rules adopted by the Lieutenant Governor pursuant to Title 3, Chapter 35, Virgin Islands Code. The rules must set the fees for filing and indexing a record under this Part on the following basis: (1) if a record presented for filing is communicated to the filing office in writing and consists of more than two pages, the fee for filing and indexing the record must be at least twice the amount of the fee for a record communicated in writing that consists of one or two pages; and (2) if the record is communicated by another medium authorized by filing office rule, the fee for filing and indexing the record must be no more than half the amount of the fee for a record communicated in writing that consists of one or two pages. (b) Intentionally omitted. (c) Number of names. The number of names required to be indexed does not affect the amount of the fee in subsections (a). (d) Response to information request. The rule adopted pursuant to subsection (a) must set the fee for responding to a request for information from the filing office, including communicating whether there is on file any financing statement naming a particular debtor. In no event may the fee for responding to a request for information for a particular debtor exceed $10.00. A fee for responding to a request communicated in writing must be not less than twice the amount of the fee for responding to a request communicated by another medium authorized by filing office rule. (e) Record of mortgage. 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 § 9–502(c). However, the recording and satisfaction fees that otherwise would be applicable to the record of the mortgage apply.
V.I. Code tit. 11A, § 9-526 (2019)
2019 US Virgin Islands Code|Title 11A - Uniform Commercial Code|Article 9 - Secured Transactions|Part 5 - Filing|Subpart 2 - Duties and Operation of Filing Office|§ 9-526. Filing-office rules

 (a) Adoption of filing-office rules. The Lieutenant Governor 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 Title 3, Chapter 35, Virgin Islands Code. (b) Harmonization of rules. 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 Lieutenant Governor, 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; and (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.
V.I. Code tit. 11A, § 9-527 (2019)
2019 US Virgin Islands Code|Title 11A - Uniform Commercial Code|Article 9 - Secured Transactions|Part 5 - Filing|Subpart 2 - Duties and Operation of Filing Office|§ 9-527. Duty to report

 The Lieutenant Governor shall report annually on or before March 31st 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.
V.I. Code tit. 11A, § 9-601 (2019)
2019 US Virgin Islands Code|Title 11A - Uniform Commercial Code|Article 9 - Secured Transactions|Part 6 - Default|Subpart 1 - Default and Enforcement of Security Interest|§ 9-601. Rights after default; judicial enforcement; consignor or buyer of accounts, chattel paper, payment intangibles, or promissory notes

 (a) Rights of secured party after default. After default, a secured party has the rights provided in this part and, except as otherwise provided in § 9–602, 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; and (2) if the collateral is documents, may proceed either as to the documents or as to the goods they cover. (b) Rights and duties of secured party in possession or control. A secured party in possession of collateral or control of collateral under § 9–104, 9–105, 9–106, or 9–107 has the rights and duties provided in § 9–207. (c) Rights cumulative; simultaneous exercise. The rights under subsections (a) and (b) are cumulative and may be exercised simultaneously. (d) Rights of debtor and obligor. Except as otherwise provided in subsection (g) and § 9–605, after default, a debtor and an obligor have the rights provided in this part and by agreement of the parties. (e) Lien of levy after judgment. 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) Execution sale. 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) Consignor or buyer of certain rights to payment. Except as otherwise provided in § 9–607(c), 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.
V.I. Code tit. 11A, § 9-602 (2019)
2019 US Virgin Islands Code|Title 11A - Uniform Commercial Code|Article 9 - Secured Transactions|Part 6 - Default|Subpart 1 - Default and Enforcement of Security Interest|§ 9-602. Waiver and variance of rights and waiver and variance of rights and duties

 Except as otherwise provided in § 9–624, to the extent that they give rights to a debtor or obligor and impose duties on a secured party, the debtor or obligor may not waive or vary the rules stated in the following listed sections: (1) Section 9–207(b)(4)(C), which deals with use and operation of the collateral by the secured party; (2) Section 9–210, which deals with requests for an accounting and requests concerning a list of collateral and statement of account; (3) Section 9–607(c), which deals with collection and enforcement of collateral; (4) Sections 9–608(a) and 9–615(c) to the extent that they deal with application or payment of noncash proceeds of collection, enforcement, or disposition; (5) Sections 9–608(a) and 9–615(d) to the extent that they require accounting for or payment of surplus proceeds of collateral; (6) Section 9–609 to the extent that it imposes upon a secured party that takes possession of collateral without judicial process the duty to do so without breach of the peace; (7) Sections 9–610(b), 9–611, 9–613, and 9–614, which deal with disposition of collateral; (8) Section 9–615(f), which deals with calculation of a deficiency or surplus when a disposition is made to the secured party, a person related to the secured party, or a secondary obligor; (9) Section 9–616, which deals with explanation of the calculation of a surplus or deficiency; (10) Sections 9–620, 9–621, and 9–622, which deal with acceptance of collateral in satisfaction of obligation; (11) Section 9–623, which deals with redemption of collateral; (12) Section 9–624, which deals with permissible waivers; and (13) Sections 9–625 and 9–626, which deal with the secured party's liability for failure to comply with this article.
V.I. Code tit. 11A, § 9-603 (2019)
2019 US Virgin Islands Code|Title 11A - Uniform Commercial Code|Article 9 - Secured Transactions|Part 6 - Default|Subpart 1 - Default and Enforcement of Security Interest|§ 9-603. Agreement on standards concerning rights and duties

 (a) Agreed standards. The parties may determine by agreement the standards measuring the fulfillment of the rights of a debtor or obligor and the duties of a secured party under a rule stated in § 9–602 if the standards are not manifestly unreasonable. (b) Agreed standards inapplicable to breach of peace. Subsection (a) does not apply to the duty under § 9–609 to refrain from breaching the peace.