reglab/housing_qa huggingface dataset:
12A OK Stat § 12A-1-9-404 (2021)
2021 Oklahoma Statutes|Title 12A. Commercial Code|§12A-1-9-404. Rights acquired by assignee; claims and defenses against assignee.

|RIGHTS ACQUIRED BY ASSIGNEE; |CLAIMS AND DEFENSES AGAINST ASSIGNEE(a) Unless an account debtor has made an enforceable agreement not to assert defenses or claims, and subject to subsections (b) through (e) of this section, the rights of an assignee are subject to:(1) all terms of the agreement between the account debtor and assignor and any defense or claim in recoupment arising from the transaction that gave rise to the contract; and(2) any other defense or claim of the account debtor against the assignor which accrues before the account debtor receives a notification of the assignment authenticated by the assignor or the assignee.(b) Subject to subsection (c) of this section and except as otherwise provided in subsection (d) of this section, the claim of an account debtor against an assignor may be asserted against an assignee under subsection (a) of this section only to reduce the amount the account debtor owes.(c) This section is subject to law other than this article which establishes a different rule for an account debtor who is an individual and who incurred the obligation primarily for personal, family, or household purposes.(d) In a consumer transaction, if a record evidences the account debtor’s obligation, law other than this article requires that the record include a statement to the effect that the account debtor’s recovery against an assignee with respect to claims and defenses against the assignor may not exceed amounts paid by the account debtor under the record, and the record does not include such a statement, the extent to which a claim of an account debtor against the assignor may be asserted against an assignee is determined as if the record included such a statement.(e) This section does not apply to an assignment of a health-care-insurance receivable.Added by Laws 2000, c. 371, § 73, eff. July 1, 2001.
12A OK Stat § 12A-1-9-405 (2021)
2021 Oklahoma Statutes|Title 12A. Commercial Code|§12A-1-9-405. Modification of assigned contract.

|MODIFICATION OF ASSIGNED CONTRACT |(a) A modification of or substitution for an assigned contract is effective against an assignee if made in good faith. The assignee acquires corresponding rights under the modified or substituted contract. The assignment may provide that the modification or substitution is a breach of contract by the assignor. This subsection is subject to subsections (b) through (d) of this section.(b) Subsection (a) of this section applies to the extent that:(1) the right to payment or a part thereof under an assigned contract has not been fully earned by performance; or(2) the right to payment or a part thereof has been fully earned by performance and the account debtor has not received notification of the assignment under subsection (a) of Section 1-9-406 of this title.(c) This section is subject to law other than this article which establishes a different rule for an account debtor who is an individual and who incurred the obligation primarily for personal, family, or household purposes.(d) This section does not apply to an assignment of a health-care-insurance receivable.Added by Laws 2000, c. 371, § 74, eff. July 1, 2001.
12A OK Stat § 12A-1-9-407 (2021)
2021 Oklahoma Statutes|Title 12A. Commercial Code|§12A-1-9-407. Restrictions on creation or enforcement of security interest in leasehold interest or in lessor’s residual interest.

|RESTRICTIONS ON CREATION OR ENFORCEMENT |OF SECURITY INTEREST IN LEASEHOLD INTERESTOR IN LESSOR’S RESIDUAL INTEREST(a) Except as otherwise provided in subsection (b) of this section, a term in a lease agreement is ineffective to the extent that it:(1) prohibits, restricts, or requires the consent of a party to the lease to the assignment or transfer of or the creation, attachment, perfection, or enforcement of a security interest in, an interest of a party under the lease contract or in the lessor’s residual interest in the goods; or(2) provides that the assignment or transfer or the creation, attachment, perfection, or enforcement of the security interest may give rise to a default, breach, right of recoupment, claim, defense, termination, right of termination, or remedy under the lease.(b) Except as otherwise provided in paragraph (7) of Section 2A-303 of this title, a term described in paragraph (2) of subsection (a) of this section is effective to the extent that there is:(1) a transfer by the lessee of the lessee’s right of possession or use of the goods in violation of the term; or(2) a delegation of a material performance of either party to the lease contract in violation of the term.(c) The creation, attachment, perfection, or enforcement of a security interest in the lessor’s interest under the lease contract or the lessor’s residual interest in the goods is not a transfer that materially impairs the lessee’s prospect of obtaining return performance or materially changes the duty of or materially increases the burden or risk imposed on the lessee within the purview of paragraph (4) of Section 2A-303 of this title unless, and then only to the extent that, enforcement actually results in delegation of material performance of the lessor.Added by Laws 2000, c. 371, § 76, eff. July 1, 2001.
12A OK Stat § 12A-1-9-501 (2021)
2021 Oklahoma Statutes|Title 12A. Commercial Code|§12A-1-9-501. Filing office.

|FILING OFFICE |(a) Except as otherwise provided in subsection (b) of this section, 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 county clerk of Oklahoma County, 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 pursuant to Sections 17 and 18 of Title 46 of the Oklahoma Statutes. The financing statement also constitutes a fixture filing as to the collateral indicated in the financing statement which is or is to become fixtures.Added by Laws 2000, c. 371, § 79, eff. July 1, 2001.
12A OK Stat § 12A-1-9-504 (2021)
2021 Oklahoma Statutes|Title 12A. Commercial Code|§12A-1-9-504. Indication of collateral.

|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 1-9-108 of this title; or(2) an indication that the financing statement covers all assets or all personal property.Added by Laws 2000, c. 371, § 82, eff. July 1, 2001.
12A OK Stat § 12A-1-9-505 (2021)
2021 Oklahoma Statutes|Title 12A. Commercial Code|§12A-1-9-505. Filing and compliance with other statutes and treaties for consignments, leases, other bailments, and other transactions.

|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 subsection (a) of Section 1-9-311 of this title, 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) of this section and, as appropriate, to compliance that is equivalent to filing a financing statement under subsection (b) of Section 1-9-311 of this title, 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.Added by Laws 2000, c. 371, § 83, eff. July 1, 2001.
12A OK Stat § 12A-1-9-506 (2021)
2021 Oklahoma Statutes|Title 12A. Commercial Code|§12A-1-9-506. Effect of errors or omissions.

|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) of this section, a financing statement that fails sufficiently to provide the name of the debtor in accordance with subsection (a) of Section 1-9-503 of this title 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 subsection (a) of Section 1-9-503 of this title, the name provided does not make the financing statement seriously misleading.(d) For purposes of subsection (b) of Section 1-9-508 of this title, the “debtor’s correct name” in subsection (c) of this section means the correct name of the new debtor.Added by Laws 2000, c. 371, § 84, eff. July 1, 2001.
12A OK Stat § 12A-1-9-507 (2021)
2021 Oklahoma Statutes|Title 12A. Commercial Code|§12A-1-9-507. Effect of certain events on effectiveness of financing statement.

|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) of this section and Section 1-9-508 of this title, 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 1-9-506 of this title.(c) If the name that a filed financing statement provides for a debtor becomes insufficient as the name of the debtor under subsection (a) of Section 1-9-503 of this title so that the financing statement becomes seriously misleading under Section 1-9-506 of this title:(1) the financing statement is effective to perfect a security interest in collateral acquired by the debtor before, or within four (4) 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 (4) 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 (4) months after that event.Added by Laws 2000, c. 371, § 85, eff. July 1, 2001. Amended by Laws 2015, c. 374, § 12, eff. Nov. 1, 2015.
12A OK Stat § 12A-1-9-508 (2021)
2021 Oklahoma Statutes|Title 12A. Commercial Code|§12A-1-9-508. Effectiveness of financing statement if new debtor becomes bound by security agreement.

|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) of this section to be seriously misleading under Section 1-9-506 of this title:(1) the financing statement is effective to perfect a security interest in collateral acquired by the new debtor before, and within four (4) months after, the new debtor becomes bound under subsection (d) of Section 1-9-203 of this title; and(2) the financing statement is not effective to perfect a security interest in collateral acquired by the new debtor more than four (4) months after the new debtor becomes bound under subsection (d) of Section 1-9-203 of this title unless an initial financing statement providing the name of the new debtor if filed before the expiration of that time.(c) This section does not apply to collateral for which a filed financing statement remains effective against the new debtor under subsection (a) of Section 1-9-507 of this title.Added by Laws 2000, c. 371, § 86, eff. July 1, 2001.
12A OK Stat § 12A-1-9-509 (2021)
2021 Oklahoma Statutes|Title 12A. Commercial Code|§12A-1-9-509. Persons entitled to file a record.

|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(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 a 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 paragraph (2) of subsection (a) of Section 1-9-315 of this title, whether or not the security agreement expressly covers proceeds.(c) By acquiring collateral in which a security interest or agricultural lien continues under paragraph (1) of subsection (a) of Section 1-9-315 of this title, a debtor authorizes the filing of an initial financing statement, and an amendment, covering the collateral and property that becomes collateral under paragraph (2) of subsection (a) of Section 1-9-315 of this title.(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 for which the secured party of record has failed to file or send a termination statement as required by subsection (a) or (c) of Section 1-9-513 of this title, 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) of this section.Added by Laws 2000, c. 371, § 87, eff. July 1, 2001.
12A OK Stat § 12A-1-9-510 (2021)
2021 Oklahoma Statutes|Title 12A. Commercial Code|§12A-1-9-510. Effectiveness of filed record.

|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 1-9-509 of this title.(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 subsection (d) of Section 1-9-515 of this title is ineffective.Added by Laws 2000, c. 371, § 88, eff. July 1, 2001.
12A OK Stat § 12A-1-9-511 (2021)
2021 Oklahoma Statutes|Title 12A. Commercial Code|§12A-1-9-511. Secured party of record.

|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 subsection (a) of Section 1-9-514 of this title, 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 subsection (b) of Section 1-9-514 of this title, 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.Added by Laws 2000, c. 371, § 89, eff. July 1, 2001.
12A OK Stat § 12A-1-9-512 (2021)
2021 Oklahoma Statutes|Title 12A. Commercial Code|§12A-1-9-512. Amendment of financing statement.

|AMENDMENT OF FINANCING STATEMENT |(a) Subject to Section 1-9-509 of this title, a person may add or delete collateral covered by, continue or terminate the effectiveness of, or, subject to subsection (e) of this section, 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 paragraph (1) of subsection (a) of Section 1-9-501 of this title, provides the file number and 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.(b) Except as otherwise provided in Section 1-9-515 of this title, 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.Added by Laws 2000, c. 371, § 90, eff. July 1, 2001.
12A OK Stat § 12A-1-9-513 (2021)
2021 Oklahoma Statutes|Title 12A. Commercial Code|§12A-1-9-513. Termination statement.

|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) of this section, a secured party shall cause the secured party of record to file the termination statement:(1) within one (1) 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 (20) days after the secured party receives an authenticated demand from a debtor.(c) In cases not governed by subsection (a) of this section, within twenty (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:(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 1-9-510 of this title, 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 1-9-510 of this title, for purposes of subsection (g) of Section 1-9-519, subsection (a) of Section 1-9-522, and subsection (c) of Section 1-9-523 of this title, 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.Added by Laws 2000, c. 371, § 91, eff. July 1, 2001.
12A OK Stat § 12A-1-9-514 (2021)
2021 Oklahoma Statutes|Title 12A. Commercial Code|§12A-1-9-514. Assignment of powers of secured party of record.

|ASSIGNMENT OF POWERS OF SECURED PARTY OF RECORD |(a) Except as otherwise provided in subsection (c) of this section, 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) of this section, 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 fixture filing under subsection (c) of Section 1-9-502 of this title 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.Added by Laws 2000, c. 371, § 92, eff. July 1, 2001.