reglab/housing_qa huggingface dataset:
WI Stat § 409.512 (2021)
2021 Wisconsin Statutes & Annotations|Chapter 409 - Uniform commercial code — secured transactions.|409.512 - Amendment of financing statement.

409.512  Amendment of financing statement. (1) Amendment of information in financing statement. Subject to s. 409.509, a person may add or delete collateral covered by, continue or terminate the effectiveness of, or, subject to sub. (5), otherwise amend the information provided in, a financing statement by filing an amendment that:(a) Identifies, by its file number, the initial financing statement to which the amendment relates; and(b) If the amendment relates to an initial financing statement filed or recorded in a filing office described in s. 409.501 (1) (a), provides the date on which the initial financing statement was filed or recorded and the information specified in s. 409.502 (2). (2)  Period of effectiveness not affected. Except as otherwise provided in s. 409.515, the filing of an amendment does not extend the period of effectiveness of the financing statement. (3)  Effectiveness of amendment adding collateral. 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. (4)  Effectiveness of amendment adding debtor. 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. (5)  Certain amendments ineffective. An amendment is ineffective to the extent that it:(a) Purports to delete all debtors and fails to provide the name of a debtor to be covered by the financing statement; or(b) Purports to delete all secured parties of record and fails to provide the name of a new secured party of record.History:  2001 a. 10.
WI Stat § 409.513 (2021)
2021 Wisconsin Statutes & Annotations|Chapter 409 - Uniform commercial code — secured transactions.|409.513 - Termination statement.

409.513  Termination statement. (1) Consumer goods. 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:(a) 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(b) The debtor did not authorize the filing of the initial financing statement. (2)  Time for compliance with sub. (1). To comply with sub. (1), a secured party shall cause the secured party of record to file the termination statement: (a) 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(b) If earlier, within 20 days after the secured party receives an authenticated demand from a debtor. (3)  Other collateral. In cases not governed by sub. (1), within 20 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:(a) 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;(b) 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;(c) The financing statement covers goods that were the subject of a consignment to the debtor but are not in the debtor's possession; or(d) The debtor did not authorize the filing of the initial financing statement. (4)  Effect of filing termination statement. Except as otherwise provided in s. 409.510, 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 s. 409.510, for the purposes of ss. 409.519 (7), 409.522 (1), and 409.523 (3), 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 a. 10.
WI Stat § 409.514 (2021)
2021 Wisconsin Statutes & Annotations|Chapter 409 - Uniform commercial code — secured transactions.|409.514 - Assignment of powers of secured party of record.

409.514  Assignment of powers of secured party of record. (1) Assignment reflected on initial financing statement. Except as otherwise provided in sub. (3), 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. (2)  Assignment of filed financing statement. Except as otherwise provided in sub. (3), 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:(a) Identifies, by its file number, the initial financing statement to which it relates;(b) Provides the name of the assignor; and(c) Provides the name and mailing address of the assignee. (3)  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 s. 409.502 (3) may be made only by an assignment of record of the mortgage in the manner provided by law of this state other than chs. 401 to 411.History:  2001 a. 10.
WI Stat § 409.517 (2021)
2021 Wisconsin Statutes & Annotations|Chapter 409 - Uniform commercial code — secured transactions.|409.517 - Effect of indexing errors.

409.517  Effect of indexing errors. The failure of the filing office to index a record correctly does not affect the effectiveness of the filed record.History:  2001 a. 10.
WI Stat § 409.518 (2021)
2021 Wisconsin Statutes & Annotations|Chapter 409 - Uniform commercial code — secured transactions.|409.518 - Claim concerning inaccurate or wrongfully filed record.

409.518  Claim concerning inaccurate or wrongfully filed record. (1) Statement with respect to record indexed under person's name. 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. (2)  Contents of statement under sub. (1). An information statement under sub. (1) must:(a) Identify the record to which it relates by:1. The file number assigned to the initial financing statement to which the record relates; and2. If the information statement relates to a record filed or recorded in a filing office described in s. 409.501 (1) (a), the date on which the initial financing statement was filed or recorded and the information specified in s. 409.502 (2);(b) Indicate that it is an information statement; and(c) 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. (3m)  Statement by secured party of record. 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 s. 409.509 (4). (4)  Contents of statement under sub. (3m). An information statement under sub. (3m) must:(a) Identify the record to which it relates by:1. The file number assigned to the initial financing statement to which the record relates; and2. If the information statement relates to a record filed or recorded in a filing office described in s. 409.501 (1) (a), the date that the initial financing statement was filed or recorded and the information specified in s. 409.502 (2);(b) Indicate that it is an information statement; and(c) Provide the basis for the person's belief that the person that filed the record was not entitled to do so under s. 409.509 (4). (5)  Record not affected by information statement. The filing of an information statement does not affect the effectiveness of an initial financing statement or other filed record.History:  2001 a. 10; 2011 a. 206.
WI Stat § 409.520 (2021)
2021 Wisconsin Statutes & Annotations|Chapter 409 - Uniform commercial code — secured transactions.|409.520 - Acceptance and refusal to accept record; social security numbers.

409.520  Acceptance and refusal to accept record; social security numbers. (1) Mandatory refusal to accept record. A filing office shall refuse to accept a record for filing for a reason set forth in s. 409.516 (2) and may refuse to accept a record for filing only for a reason set forth in s. 409.516 (2). (1m)  Social security numbers. (a) A filing office may not file and index a record under this subchapter if the record contains the social security number of an individual. If a filing office is presented with a record that contains an individual's social security number, the filing office may, prior to filing and indexing the record, remove or obscure characters from the social security number such that the social security number is not discernable on the record.(b) If a filing office is presented with a record for filing and indexing that contains an individual's social security number, and if the filing office does not discover that the record contains the individual's social security number until after the record is filed and indexed, the filing office is not liable for the record drafter's placement of the individual's social security number on the record and the filing office may remove or obscure characters from the social security number such that the social security number is not discernable on the record.(c) If a filing office files and indexes a record that contains the complete social security number of an individual, the record drafter is liable to the individual whose social security number appears in the filed and indexed record for any actual damages resulting from the record being filed and indexed.  (2)  Communication concerning refusal. If a filing office refuses to accept a record for filing, the filing office 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 the record. The communication must be made at the time and in the manner prescribed by filing-office rule but, in no event more than:(a) Five business days after the filing office receives the record for records received before July 1, 2003; and(b) Two business days after the filing office receives the record for records received on or after July 1, 2003. (3)  When filed financing statement effective. A filed financing statement satisfying s. 409.502 (1) and (2) is effective, even if the filing office is required to refuse to accept it for filing under sub. (1). However, s. 409.338 applies to a filed financing statement providing information described in s. 409.516 (2) (e) which is incorrect at the time the financing statement is filed. (4)  Separate application to multiple debtors. If a record communicated to a filing office provides information that relates to more than one debtor, this subchapter applies as to each debtor separately.History:  2001 a. 10; 2009 a. 347.
WI Stat § 409.521 (2021)
2021 Wisconsin Statutes & Annotations|Chapter 409 - Uniform commercial code — secured transactions.|409.521 - Uniform form of written financing statement and amendment.

409.521  Uniform form of written financing statement and amendment. (1) Tax identification number. In publishing instructions for the forms specified in subs. (2) and (3), the department of financial institutions shall include a statement, where applicable, that inclusion of an employer identification number is not required under Wisconsin law. (2)  Initial financing statement form. A filing office that accepts written records may not refuse to accept a written initial financing statement in the following form and format except for a reason set forth in s. 409.516 (2):- See PDF for diagram - See PDF for diagram  (3)  Amendment form. A filing office that accepts written records may not refuse to accept a written record in the following form and format except for a reason set forth in s. 409.516 (2):- See PDF for diagram - See PDF for diagram History:  2001 a. 10; 2003 a. 120; 2009 a. 347; 2011 a. 206.
WI Stat § 409.522 (2021)
2021 Wisconsin Statutes & Annotations|Chapter 409 - Uniform commercial code — secured transactions.|409.522 - Maintenance and destruction of records.

409.522  Maintenance and destruction of records. (1) Postlapse 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 s. 409.515 with respect to all secured parties of record. The record must be retrievable by using the name of the debtor and:(a) If the record was filed or recorded in the filing office described in s. 409.501 (1) (a), by using the file number assigned to the initial financing statement to which the record relates and the date on which the record was filed or recorded; or(b) If the record was filed in the filing office described in s. 409.501 (1) (b), by using the file number assigned to the initial financing statement to which the record relates. (2)  Destruction of written records. Except to the extent that a statute governing disposition of public records provides otherwise, the filing office may destroy immediately 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 sub. (1).History:  2001 a. 10.
WI Stat § 409.524 (2021)
2021 Wisconsin Statutes & Annotations|Chapter 409 - Uniform commercial code — secured transactions.|409.524 - Delay by filing office.

409.524  Delay by filing office. Delay by the filing office beyond a time limit prescribed by this subchapter 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 the control of the filing office; and (2) The filing office exercises reasonable diligence under the circumstances.History:  2001 a. 10.
WI Stat § 409.525 (2021)
2021 Wisconsin Statutes & Annotations|Chapter 409 - Uniform commercial code — secured transactions.|409.525 - Fees.

409.525  Fees. (1) Initial financing statement or other record. Except as otherwise provided in this section, the fee for filing and indexing a record under this subchapter and the portion of the fee that an office duly authorized by the department under  s. 409.501 (1) (b) may retain shall be prescribed by filing-office rule. (1m)  No fee for filing termination statement. There is no fee for the filing of a termination statement. (2)  Basis for rule. The rule under sub. (1) must set the fees for filing and indexing a record under this subchapter on the following basis:(a) If the record presented for filing is communicated to the filing office in writing and consists of more than 2 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 1 or 2 pages; and(b) 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 50 percent of the amount of the fee for a record communicated in writing that consists of 1 or 2 pages. (3)  Number of names. The number of names required to be indexed does not affect the amount of the fee under this section. (4)  Response to information request. Except as otherwise provided in this section, the fee for responding to a request for information from the filing office, including for communicating whether there is on file any financing statement naming a particular debtor, and the portion of the fee that an office duly authorized by the department under s. 409.501 (1) (b) may retain shall be prescribed by filing-office rule. The 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. This subsection does not require that a fee be charged for remote access searching of the filing-office data base. The rule promulgated pursuant to this subsection need not specify a fee for remote access searching of the filing-office data base. (5)  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 s. 409.502 (3). However, the recording and satisfaction fees that otherwise would be applicable to the record of the mortgage apply.History:  2001 a. 10.
WI Stat § 409.526 (2021)
2021 Wisconsin Statutes & Annotations|Chapter 409 - Uniform commercial code — secured transactions.|409.526 - Filing-office rules.

409.526  Filing-office rules. (1) Promulgation of filing-office rules. The secretary of financial institutions shall promulgate filing-office rules to implement this chapter. The filing-office rules must be:(a) Consistent with this chapter; and(b) Promulgated in accordance with ch. 227. (2)  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 subchapter, 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 subchapter, the secretary of financial institutions, so far as is consistent with the purposes, policies, and provisions of this chapter, in promulgating filing-office rules, shall:(a) Consult with filing offices in other jurisdictions that enact substantially this subchapter;(b) Consult the most recent version of the Model Rules promulgated by the International Association of Corporate Administrators or any successor organization; and(c) Take into consideration the rules and practices of, and the technology used by, filing offices in other jurisdictions that enact substantially this subchapter.History:  2001 a. 10.
WI Stat § 409.527 (2021)
2021 Wisconsin Statutes & Annotations|Chapter 409 - Uniform commercial code — secured transactions.|409.527 - Duty to report.

409.527  Duty to report. The department of financial institutions shall include in its report under s. 15.04 (1) (d) a report on the operation of the filing office. The report must contain a statement of the extent to which: (1)  Harmonization of rules: filing offices in other jurisdictions. The filing-office rules are not in harmony with the rules of filing offices in other jurisdictions that enact substantially this subchapter and the reasons for these variations; and (2)  Harmonization of rules: model rules. 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.History:  2001 a. 10.
WI Stat § 409.528 (2021)
2021 Wisconsin Statutes & Annotations|Chapter 409 - Uniform commercial code — secured transactions.|409.528 - Statewide lien system.

409.528  Statewide lien system. The department shall establish and maintain a statewide lien system under this subchapter.History:  2001 a. 10; 2003 a. 206.
WI Stat § 409.601 (2021)
2021 Wisconsin Statutes & Annotations|Chapter 409 - Uniform commercial code — secured transactions.|409.601 - Rights after default; judicial enforcement; consignor or buyer of accounts, chattel paper, payment intangibles, or promissory notes.

409.601  Rights after default; judicial enforcement; consignor or buyer of accounts, chattel paper, payment intangibles, or promissory notes. (1) Rights of secured party after default. After default, a secured party has the rights provided in this subchapter and, except as otherwise provided in s. 409.602, those provided by agreement of the parties. A secured party:(a) May reduce a claim to judgment, foreclose, or otherwise enforce the claim, security interest, or agricultural lien by any available judicial procedure; and(b) If the collateral is documents, may proceed either as to the documents or as to the goods they cover. (2)  Rights and duties of secured party in possession or control. A secured party in possession of collateral or control of collateral under s. 407.106, 409.104, 409.105, 409.106, or 409.107 has the rights and duties provided in s. 409.207.  (3)  Rights cumulative; simultaneous exercise. The rights under subs. (1) and (2) are cumulative and may be exercised simultaneously. (4)  Rights of debtor and obligor. Except as otherwise provided in sub. (7) and s. 409.605, after default, a debtor and an obligor have the rights provided in this subchapter and by agreement of the parties. (5)  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:(a) The date of perfection of the security interest or agricultural lien in the collateral;(b) The date of filing a financing statement covering the collateral; or(c) Any date specified in a statute under which the agricultural lien was created. (6)  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 chapter. (7)  Consignor or buyer of certain rights to payment. Except as otherwise provided in s. 409.607 (3), this subchapter imposes no duties upon a secured party that is a consignor or is a buyer of accounts, chattel paper, payment intangibles, or promissory notes.History:  2001 a. 10; 2009 a. 322.